'BP To Sell 20% Of Its Cocuina Gas Field In Venezuela To Trinidad's National Gas Company; 70% Of Gas Will Be Used To Produce LNG, With Remaining Amount Directed To Petrochemicals; Final Investment Decision Could Come By The End Of The Year, According To Sources' - Reuters Exclusive
Final investment decision could come by year-end, sources sayProject gas reserves total 1 trillion cubic feet, sources sayPrime Minister Kamla Persad-Bissessar is expected to announce the agreement on MondayMost output
BP is selling part of a big gas field in Venezuela to a company in Trinidad, and they might decide to fully start the project by year's end. When companies sell pieces of projects to partners, it can mean they think the business is worth doing and might help them focus on other work.
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