Venezuela’s Gas Reserves: A Reliable Energy Alternative Impacting Global Supply

Venezuela’s Gas Reserves: A Reliable Energy Alternative Impacting Global Supply

2024-02-25 15:11:00

The Government of Venezuela assured this Friday that its country represents a reliable energy alternative with the capacity to “positively impact” the global supply of gas, given the “growth in global demand” for this resource.

Given this increase, the Caribbean country, with its “vast reserves in the process of certification, acquires strategic weight,” according to a video published in X by the Minister of Petroleum and president of the state-owned PDVSA, Pedro Rafael Tellechea.

(See here: Due to more ethanol blend, gasoline price in Colombia increased another $97)

In this sense, the nation “continues to project itself as a reliable energy alternative with the capacity to positively impact the stabilization and assurance of gas supplies for the world.”

According to official information, last December, following “months of negotiations” between the Governments of Venezuela and its neighbor Trinidad and Tobago, “a license was granted for the production and export of non-associated gas in the Dragon Field”, located in the waters of the Venezuelan state of Sucre (northeast), along the northwest coast of Trinidad.

(Read here: Argentina faces oil supply risk due to protest once morest Milei)

The minister assured that this field is “an example of the great scope of the gas potential” of Venezuela, which continues to “take solid steps” to consolidate “its role as an essential actor in the international energy configuration.”

The license granted to Trinidad and Tobago for the extraction and export of gas, together with the British Shell, is valid for three decades, and establishes production, in “a first phase”, of 185 million cubic feet per day, reported in December PDVSA.

(Follow here: Damage to the gas pipeline might delay Colombia’s plan to import gas from Venezuela)

In this way, the oil country will export “gas for the first time” and “takes the first steps towards a strategic gas alliance” with the island.

According to the Government, Venezuela is in the process of certifying more than 50 gas blocks, which it hopes to become the fourth reserve in the world.

EFE

1708877469
#Venezuela #claims #reliable #energy #alternative #worlds #gas #supply

Leave a Replay