JAPAN's Teikoku Oil Co. has announced plans to build an additional gas pipeline in Venezuela in o...
Construction of the 40km pipeline - from Teikoku's Guarico inland gas field to the pipeline network owned by state-run Petroleos de Venezuela S.A. (PdVSA) - is due to be completed next summer and will cost an estimated US$10.2 million.
When in operation - in tandem with the company's existing pipeline - Teikoku will be able to deliver 140 million cubic feet a day of natural gas to PdVSA's supply network. Teikoku's current daily distribution volume is 80 million cubic feet.
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