AGP Executive Report
Last update: an hour agoOffshore Gas Deals: Acting President Delcy Rodríguez toured Venezuela’s Metalblanc plant and pushed a broader “produce, innovate” agenda, while energy policy moved fast: Venezuela signed Loran Phase 2 licences with bp, XRG (Abu Dhabi) and UCC Holding, reviving the cross-border Loran-Manatee project with Trinidad and Tobago. Regional Energy Security: Trinidad’s PM Kamla Persad-Bissessar hailed the licences, saying the deals could send about 7 trillion cubic feet of gas to Trinidad for LNG and petrochemicals, strengthening the region’s energy hub role. Power System Push: Caracas says it’s increasing methane gas supply to boost electricity generation, targeting 2 billion cubic feet by December, with more gas for thermoelectric plants amid ongoing power instability. Disaster Response Contrast: A Reuters report compared Venezuela’s June twin-quake response—where civilians filled gaps—with Colombia’s faster official coordination after its Aug. 10 quake, underscoring operational capacity differences. Industry Watch: BP also secured a Venezuela offshore drilling licence for Loran, after exiting the North Sea, signaling renewed investor focus on Venezuelan gas.
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