Chavez, Russia for SouthAm Pipeline

Venezuelan president, Hugo Chavez began a three day visit to the Russian Federation that promises an important contribution to global energy security.

Moscow and Caracas are the two largest producers and exporters of oil in the world and are collaborating to industrialize the giant reserves of gas in the South American nation.

These fuel resources will be piped in an eight thousand kilometer gas pipeline joining the Venezuelan Caribbean coast with the southern region of the continent that will involve Argentina, Bolivia, Brazil, Paraguay and Uruguay.

Referring to the project, the director general of VNIIGAZ, main scientific center of the Russian Gazprom, Roman Samsonov, told Prensa Latina that it is a unique opportunity for Russian specialists.

Moscow and Caracas called for stability of the international market, supporting talks among independent producers and OPEC members aiming to safeguard international energy security, said the spokesman of the Foreign Affairs ministry, Mijail Kamynin.