Venezuela interested in Gazprom jointly developing its gas fields

Venezuela has expressed interest in Gazprom's participation in the development of several giant offshore gas fields, and the construction of an LNG plant in the South American country. That's according to a Gazprom press release.

The gas giant and Venezuelan state oil and gas company Petroleos de Venezuela have also signed an agreement on jointly exploring the Ayacucho 3 block in the Orinoco oil belt. The two companies plan to complete the geological modeling, evaluation and calculation of reserves at the block by the end of this year.