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Venezuela Has a Natural Gas Problem

Venezuela Has a Natural Gas Problem

Sitting on the world’s largest oil reserves, Venezuela is mostly known as a crude producer—and a very troubled one. However, it also has significant gas reserves that it has been unable to develop fully. Venezuela needs gas investments and it needs them now. Venezuelans are voting for president this Sunday. According to Reuters, the gas supply issue will feature among the key priorities for voters as production declines and people resort to wood-burning stoves. Venezuela used to pump some 8 billion cu ft of natural gas back in 2016,…

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