Venezuela's energy sector faces challenges as Petro's green credentials clash with importing cheap energy from Colombia and doubts arise about Venezuela's energy sector reliability. Meanwhile, Venezuela is close to approving a license for Shell and Trinidad to develop offshore natural gas fields, aiming to boost Trinidad's gas processing and petrochemical exports while providing Venezuela with an additional source of cash. European firms are also exploring Venezuela's untapped natural gas sector, seeking authorization from the US to address environmental concerns and reduce greenhouse gas emissions.

Venezuela's Energy Dilemmas