During his speech at the seventh summit of the organization, held in this city, the Venezuelan Minister said that from the Bolivarian Republic “we promote and focus” the political will of the members of the Forum, to become an organization with greater international influence.

In order to mediate in the balance and valuation of gas at world level in the energy market, he pointed out.

Tellechea insisted on the need to continue working together, ‘moving our organization’ as the construction of a consensus and cooperation among the member countries.

The also president of Petroleos de Venezuela (PDVSA) said that the PGEF represents 70 percent of the world’s proven gas reserves and 40 percent of its exploitation.

In this sense, he emphasized that this resource plays a ‘leading role as a raw material’ in the industrial and agricultural value chains, as well as in other areas of production on a global scale.

The head of PDVSA commented on Venezuela’s successful progress in cooperation with other countries, in which the second license for gas exploitation has already been granted, and mentioned the agreements with Trinidad and Tobago, which summarize the real possibilities of safe investment, he said.

He revealed that they are currently carrying out studies for ‘the possible assignment of a gas export license’ to Bolivia, as part of the agreements signed last year during the visit of President Luis Arce to Caracas.

The Bolivarian Minister for Petroleum stated that his country will continue to advance in the exploitation of gas reserves for the benefit of the people, and reminded that the South American nation is in first place in oil reserves in the world.

He affirmed that Venezuela has placed its liquid and gaseous hydrocarbon reserves at the service of humanity for the development of the peoples, under the framework of respect and win-win relationship.

Tellechea celebrated the incorporation of countries such as Mozambique, Senegal and Mauritania to the FPEG and praised the Algiers Declaration which, in his opinion, represents the solid bases for ‘our association in the short, medium and long term’.

Yesterday, Algeria’s Sonatrach and PDVSA companies signed two memorandums of understanding to improve collaboration in the energy sector, which includes exploration, extraction and training of Venezuelan specialists.

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