Chavez seeks regional gas company

Venezuelan President Hugo Chavez, whose country has South America’s largest natural gas reserves, urged the continent’s energy producers to create a regional gas company to help fund social development

Chavez, who is attending the Mercosur regional trade summit in Asuncion, Paraguay, said in a televised news conference Monday that the proposed company, Gas del Sur, would serve as an alternative to major energy companies that “would take natural gas to markets where they could sell it for the highest price.”

http://www.chron.com/cs/CDA/ssistory.mpl/business/energy/3233749