Venezuela may exchange traditional fuel cars for cars that run on natural gas

Publish date: October 6, 2008

Venezuela plans next week to start a government programme to exchange old model automobiles that run on traditional fuel with automobiles that run on natural gas, which will be given out for free, reported.

The make and quantity of such vehicles is currently unknown. Furthermore, Venezuelan President Hugo Chavez is reviewing the possibility of organising free natural gas for such cars over the course of a year, reported.

According to experts, Venezuela possesses the biggest reserves of untapped natural gas in South America. Gas prices in the oil rich nation are, at the moment, equal to three US cents a liter, said

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