Over the weekend, Italian multinational ENI announced a major gas discovery. The Perla field, in the waters of the Gulf of Venezuela, contains more gas than the entire nation of Bolivia. The great Setty has the details, and the links.
Venezuela has tons of gas. It’s too bad the domestic gas market is such a basket case.
PS: Another worthwhile read today is Will Grant’s article for the BBC on the expropriation of apartment buildings.Caracas Chronicles is 100% reader-supported. Support independent Venezuelan journalism by making a donation.