Venezuela Secures Historic First LPG Export Deal Amidst Political Shifts
World
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Moneycontrol•17-01-2026, 07:28
Venezuela Secures Historic First LPG Export Deal Amidst Political Shifts
- •Venezuela has signed its first-ever contract to export liquefied petroleum gas (LPG), announced Acting President Delcy Rodríguez.
- •The deal fulfills a promise made by President Maduro and aims to boost the nation's economy.
- •LPG is produced at the José refining complex, which has faced production challenges due to disinvestment and accidents.
- •Most of Venezuela's gas is associated gas, currently flared, indicating potential for increased exports.
- •The move signifies Venezuela's effort to attract foreign investment and adapt to new political realities post-Nicolas Maduro's ouster.
Why It Matters: Venezuela inks its inaugural LPG export contract, signaling a new era for its energy sector and foreign investment.
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