By Nathan Crooks, Business News Americas

Venezuela's President Hugo Chávez and the president of state oil company PDVSA Rafael Ramírez signed agreements on Friday (Sep 19) with a number of foreign oil companies to form JVs to develop three LNG trains in the country.

Investment in the three trains to both develop offshore natural gas fields and construct liquefaction facilities will reach US$19.6bn, Chávez and Ramírez said on Venezuelan television.

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Posted by boyang at September 22, 2008 3:23 PM