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Venezuela refuses to renew gas pipeline contract

Monday, June 15, 2015

Venezuelan state oil company PDVSA said on Thursday it would not renew a contract to import gas from neighboring Colombia and would instead tap local production to supply its gas-deficient western region.

The South American neighbors in 2007 inaugurated a 140-mile natural gas pipeline with capacity to transport 150 million cubic feet per day of natural gas.

Source: Colombia Reports