Galp said in a regulatory filing it intends to purchase up to 2 billion cubic meters of liquefied natural gas annually from state oil company Petroleos de Venezuela. The price is still to be negotiated.
The two companies are also considering a joint venture at the Gran Mariscal Ayacucho industrial complex in Venezuela's Sucre state where they may jointly build and operate a liquefied natural gas terminal, the statement said.
In October, the two companies signed a memorandum of understanding to examine deals that Galp said could eventually supply up to 30 percent of Portugal's hydrocarbon consumption.
Russia, when signing documents for the sale of Alaska to the United States, was realizing her objective benefit
It has long been understood that the West has been trying to subject Russian borders to total control. We have not seen such activity even during the Cold War