PDVSA will begin exporting gas to Colombia from December 1
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Petromil plans to take exports of 50 MMcf/d from the Perla offshore natural gas field.
Petromil plans to take exports of 50 MMcf/d from the Perla offshore natural gas field in the Gulf of Venezuela's Cardon IV block, which is operated by Italy's Eni and Spain's Repsol.
Castillo said the Cardon IV block "currently manages production of 510 MMcf/d, with plans to produce 950 MMcf/d by 2018."
Castillo did not provide details on the construction of infrastructure necessary to transport the gas from Paraguana to the Antonio Ricauter pipeline in western Zulia state nor did he give the dollar value of the contract with Petromil.
Venezuela sees Perla as ending a domestic gas shortage that has been particularly acute since May 2014 when Colombia's Ecopetrol ended export shipments started in 2007 which averaged 200 MMcf/d. ■