Venezuela to Issue Eni, Repsol LNG Export License, Minister Says
- Export talks are on final phase for Cardon IV venture
- Start date for exports depends on investment by companies
This article is for subscribers only.
Venezuela plans to issue a license next month to Italy’s Eni SpA and Spain’s Repsol SA to export natural gas, said Pedro Tellechea, the nation’s oil minister and head of state-run Petroleos de Venezuela SA.
The country already signed an agreement with the European energy giants on May 5 that allows for the export of natural gas liquids—or condensates—to other markets. It was the first step toward enabling Venezuela to become a natural gas exporting country after over 100 years of focusing on oil.