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BP (BP / LN) to sell 20% of its cocuina gas field in Venezuela to Trinidad's National Gas Company, according to reports, citing sources
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BP is reportedly selling a 20% stake in Venezuela's Cocuina gas field to Trinidad's NGC, targeting LNG production with an investment decision expected by year-end 2026.
News detail
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.
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