Venezuela’s PDVSA in talks to supply gas to neighbors

23 Nov 2017   Venezuela

Venezuelan state-run oil company PDVSA  is in contract talks to export natural gas to neighbors Colombia, Trinidad and Tobago, and Aruba, a company official said on Wednesday. Gas sales could provide a welcome boost to energy revenues for a country suffering acute cash problems and in talks to restructure its debt. Venezuela, which is almost entirely dependent on crude exports, has seen income decline since oil prices crashed in 2014. Sponsored Colombia used to export gas to Venezuela through a pipeline. That flow would be reversed if an agreement with Colombia is reached on price, PDVSA’s vice president of gas, Cesar Triana, said during a gas conference in Santa Cruz, Bolivia. Price talks between PDVSA and Colombian state-run energy firm […]

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