Title: NATURAL GAS IN VENEZUELA
1NATURAL GAS IN VENEZUELA North of Paria and
Delta Basin Development - LNG PROJECT-
2Proved Reserves Natural Gas (TCF)
3PUBLIC POLICIES
- DEVELOPMENT OF NON ASSOCIATED GAS SOURCE
- GUARANTEE GAS REQUIREMENTS TO THE DOMESTIC
MARKET - ALLOWS VOLUMES FOR EXPORT
- GAS INFRASTRUCTURE EXPANSION
- THE INDUSTRIALIZATION OF GAS
- FAIR AND REASONABLE TARIFF AND PRICES FOR GAS IN
THE VENEZUELAN - MARKET
- MARKET VALUE FOR EXPORTED GAS
4POTENCIALITIES
- VENEZUELA HAS HUGE RESERVES OF NATURAL GAS
- COMMITMENT TO DEVELOP THESE RESOURCES IN THE
SHORT TERM - EXCELLENT POSITION AND POTENCIALITIES TO SATISFY
THE - DOMESTIC MARKET AND BE A LNG PLAYER
5LEGAL AND INSTITUTIONAL FRAMEWORK
- PRIVATE AND/OR PUBLIC CAPITAL PARTICIPATION
- CREATION OF A NATIONAL GAS REGULATORY BODY
(ENAGAS) - OPEN ACCESS ON TD
- 20 ROYALTY
- INCOME TAX RATE 34
- INCENTIVE FOR NEW INVESTMENTS
6DEVELOPMENT OF NON ASSOCIATE GAS SOURCES
Paraguana
Maracaibo
Caracas
Valencia
Jose
Pto. La Cruz
Barquisimeto
LAGO HUB
Anaco
Pto. Ordaz
ONSHORE
OFFSHORE
- North of Paria /Delta Basin
- LNG Export
- Domestic Market
- Gas Industrialisation Projects
7Upstream
Marketing
North of Paria and Delta Basin Development
NORTH OF PARIA
LNG
DELTA BASIN
Domestic Market
8Upstream
Marketing
North of Paria and Delta Basin Development
NORTH OF PARIA
LNG
Lau-Lau N
Lorán Norte
Gas Pipeline
Bora Norte
Domestic Market
Bora
Lorán Sur
Tajalí
Monoboya
Bora Sur
TRANSMISSION
DELTA BASIN
COMPRESSION
9NORTH OF PARIA 14 TCF LNG EXP. / DOMESTIC
DELTA BASIN 15TCF LNG EXP. / DOMESTIC
Maracaibo
Caracas
Valencia
Paria
Jose
Barquisimeto
LNG
Plataforma Deltana
VENEZUELA
Pto. Ordaz
Orinoco River
10- THE INTERNATIONAL LNG MARKET IS GROWING
- VENEZUELA HAS HUGE GAS RESOURCES TO SATISFY THE
- DOMESTIC MARKET AND BE A LNG PLAYER
- VENEZUELA TARGET AS A MAJOR ENERGY SUPPLIER IN
AMERICA
11North of Paria
FIRST TRAIN PARIA EXPORT TO USA 4.7 MMTY LNG
2006-2007
Atlantic Ocean
LNG
Trinidad Tobago
EXPANSION LNG TRAINS PARIA AND DELTA BASIN
RESERVES TO ATLANTIC BASIN EXPORT
Domestic Market gas supply
Delta Basin
Industrial development
- LNG
- PETROCHEMICAL
- GAS TO LIQUID
- LPG
- INFRASTRUCTURE
- POWER GENERATION
- UTILITIES
East Venezuela
12COMMITMENT TO GAS DEVELOPMENT
13THANK YOU VERY MUCH