Gazprom may get down to work in Gulf of Venezuela in October

Russia’s gas giant Gazprom may get down to work in the Gulf of Venezuela in October, Russian Energy Minister Sergei Shmatko said after talks between Russian President Dmitry Medvedev and his US counterpart Hugo Chavez. “I believe that Gazprom may start sinking the first well in the Gulf of Venezuela as early as October,” Shmatko said. “One should bear in mind that before Venezuela had no experience of developing offshore deposits on its own. I believe that such cooperation will benefit both Gazprom and Venezuela.” He added that the agreements concluded between Gazprom and Venezuela’s PDVSA “put on record the achievements of bilateral cooperation, the basis from which to build up.”