View Single Post
Old 12-09-2009, 11:54 PM   #6
worlds beyond
Senior Member
Join Date: Nov 2008
Location: by the sea... UK
Posts: 3,120
Likes: 2 (2 Posts)

Page last updated at 23:05 GMT, Saturday, 12 September 2009 00:05 UK
E-mail this to a friend Printable version

Powerful quake rattles Venezuela

A strong earthquake has struck off the coast of Venezuela, knocking out power in the capital and sending people rushing into the streets.

The 6.4-magnitude quake's epicentre was 65 miles (110km) west of Caracas, at a depth of 6.2 miles (10km).

The country's interior minister said there were no reports of physical damage or loss of life.

The closest town to the epicentre was Puerto Cabello, on the country's northern coast.

Tremors were also felt in nearby Carabobo and Aragua states.

"We have not received any [information] of material damage, much less any reports of the loss of human life," Interior Minister Tarek El Aissami said, according to AFP news agency.

Reuters reported that power was out in one area of the capital and media reports suggested that other regions were also without electricity.

The country's minister for light industry said that efforts were being made to repair any damage to telephone networks or gas and electricity supplies that may have failed after the earthquake."

.... is it just me who thinks it strange that this happens to venezuala, a 10kn depth earthquake, so soon after mention of their shipment of Russian Missiles .. ..... oh.. and also this ...

"Page last updated at 06:46 GMT, Saturday, 12 September 2009 07:46 UK
E-mail this to a friend Printable version

Venezuela finds vast gas reserve

The find will allay fears of a decline in Venezuela's energy industry
President Hugo Chavez has announced the discovery of a vast gas field off the coast of Venezuela.

The find - estimated at 7 to 8 trillion cubic feet, about five times what Spain uses in a year - was made with the Spanish energy company Repsol.

Mr Chavez announced the find while in Spain during a tour of Europe and Asia.

"What are we going to do with so much gas?" he jokingly asked Repsol's head Antonio Brufau in a joint interview with Spanish newspaper El Pais.

"I'm sure we'll find some use for it," came the reply.

Mr Chavez said the development of the field would put Venezuela - which already boasts the largest proven oil reserves outside the Middle East - among the world's top five gas producers.

Repsol confirmed the "enormous" discovery, which it made in an offshore site called Cardon 4 in the Gulf of Venezuela in an exploration consortium with the Italian energy company Eni.

It said further tests were under way to confirm provisional estimates of its volume.

If so, it will be the biggest gas find in Repsol's history.

Boost for Venezuela

Repsol said that once development of the field was under way, profits from the venture would be split three ways, with Repsol and Eni taking 32.5% each and Venezuela's state company PDVSA taking 35%.

For both Mr Chavez and Repsol the timing of the announcement could not have been better, reports the BBC's Will Grant in Caracas.

There have been suggestions that the oil industry in Venezuela is in decline, with falling prices, reduced production and high debts to contractors.

However, this gas find will go a long way to calm investor fears in Venezuela and Spain about the extent of the country's energy reserves, our correspondent says. "

Doesn't anyone else think it odd that in space of one week or thereabouts, Venezuela find massive Gas reserves, and then buys load of Russian Missiles.. and THEN get hit by 10km depth earthquake?? Me feels there's something going on here.
Peaceful Blessings

Last edited by worlds beyond; 13-09-2009 at 12:00 AM. Reason: added paragraph
worlds beyond is offline   Reply With Quote