CIGMA represents a historical step for the Venezuelan energy industry

abarrelfullabarrelfull wrote on 20 Dec 2011 07:08

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Placing of the Foundational Stone of the Industrial Complex Gran Mariscal Ayacucho (CIGMA), located in the Valdez Municipality of Sucre state, by the president of the Bolivarian Republic of Venezuela, Hugo Chavez, represents a historical step within the Venezuelan energy industry, since this development will be the entry door of all gas coming from North Paria and the Deltana Platform.

“CIGMA will be the most important Gas Industrial Complex in Latin America” the head of the government explained, and also emphasized that “the Project will take place along with the integral development of the Eastern region, and will be the commanding post for promotion of areas such as Guiria and Macuro, which will become new prosperous, driving cities without rings of slums”.

The Industrial Complex Gran Mariscal de Ayacucho will house liquefaction, industrialization and petrochemical plants, and will facilitate the processing of crudes from the Orinoco Oil Belt. Total investment will be 13,000 million Dollars, out of which 2,300 million Dollars will be intended for social projects in the Sucre state, president Chavez highlighted.

The minister of Energy and Petroleum and president of PDVSA, Rafael Ramirez, underlined that the benefits for the area will be extraordinary for “we will not repeat the same model that swooped down on Venezuela during the 20th century. We will work with a revolutionary and Bolivarian vision to develop our hydrocarbons, in perfect balance with the social needs for progress to achieve the diversification of the region and our production model. It is our commitment. The new PDVSA will be an instrument at the service of the highest interests of the Venezuelan State and our people”.

Delta Caribe

CIGMA is framed in the Delta Caribe Project for gas development, which was defined by Minister Ramirez as “the realization of the Oil Sowing Plan that the Bolivarian Government has proposed as an integral alternative for exploitation of our hydrocarbons”.

Free gas development plans will help satisfying the increasing demand of domestic and international markets. The main objective of CIGMA is to create the viability of projects along this regional entity, guaranteeing social value benefits to regions where their activities are developed, and implementing strategies that allow increasing contributions to the national treasury.

CIGMA, which is planned as the new industrial development area in Venezuela, will cover 6,300 hectares in solid ground and approximately 11,000 hectares offshore. This important and significant complex will function as a gathering and conditioning center for the production of natural gas from the Northeastern region of the country, from where the resource will be transported towards the 12,515 kilometers of the Great Southern Gas Pipeline running to Brazil, Argentina, Uruguay and Paraguay, and also towards the Transoceanic Gas Pipeline for the brother countries in Central America and the Caribbean.

Platform for development

The complex envisages engineering works such as sea production platforms, which will be built in Venezuelan territory, a gas pipe that will transports gas 150 kilometers offshore and a liquid extraction plant, with a total investment of 4,500 million Dollars.

Regarding social development, the CIGMA Project anticipates a contribution of 2,300 million Dollars in Sucre state. Currently, social projects being implemented in influential areas of Sucre state, specifically in the cities of Carupano, Cumana and Guiria, are intended to strengthen and consolidate production sectors such as fishing, cattle breeding and agriculture. Social programs being developed by the Bolivarian Government in the area are also receiving support.

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