Venezuela, Trinidad and Tobago sign offshore natural gas deal

Caracas: Venezuela and Trinidad and Tobago have signed a deal to develop three gas fields that span their maritime border and contain reserves totaling nearly 12 trillion cubic feet.

“We’ve signed the accords for (the Loran-Manatee bloc, the largest of the three), and today we signed (the accord governing) how we’re going to operate those fields,” Venezuela’s Rafael Ramirez, who heads state-owned oil giant PDVSA, said Wednesday.