Wednesday, May 20, 2026

Venezuela announces contract to export liquefied petroleum gas for the first time

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Caracas.- The acting president of Venezuela, Delcy Rodríguez, announced this Friday that she signed a contract for her country to export liquefied petroleum gas (LPG) for the first time in its history, after reporting that she signed a marketing agreement without going into detail. "Today, for the first time in our history, a commercialization contract for LPG has been signed. The first gas molecule from Venezuela will be exported", indicated Rodríguez in an economic council with entrepreneurs, broadcast by the state channel Venezolana de Televisión (VTV). The acting president did not specify the duration of the agreement nor did she reveal with whom it was signed. Venezuela had been announcing for months that it was managing the process for the export of gas, even amid the sanctions that the United States imposed on the oil industry in 2019.

Rodríguez said last October, when she was serving as vice president under President Nicolás Maduro, captured by US troops during an operation in the South American country on January 3, that she is working on projects with "important transnationals" of gas to "export its first molecule".

You can also read: On that occasion, it was also pointed out that Venezuela has the largest gas reserves in the region and mentioned that Russia maintains investments in offshore gas projects in the country. The signing of the agreement comes at a time when the oil industry is at the center of the rapprochement between Venezuela and the United States, which has announced that it will receive 30 to 50 million barrels of crude oil from the South American country, whose sale it will control.

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