April 20 (Reuters) - Eni SpA and Repsol SA plan to start exporting natural gas from Venezuela by the end of 2031 after reaching a deal with Caracas to revive a long-stalled effort to expand production
Eni and Repsol Agree to Start Exporting Venezuelan Gas by 2031
Major Gas Export Deal Reached Between Eni, Repsol, and Venezuela
Agreement Details and Timeline
April 20 (Reuters) - Eni SpA and Repsol SA plan to start exporting natural gas from Venezuela by the end of 2031 after reaching a deal with Caracas to revive a long-stalled effort to expand production from a massive offshore field, Bloomberg News reported on Monday.
Production Expansion and Export Plans
The agreement will let the companies more than double production at the field, located in the Gulf of Venezuela, and export the fuel as liquefied natural gas from a floating terminal, the report said, citing people familiar with the matter.
Verification and Reporting
Reuters could not immediately verify the report.
(Reporting by Angela Christy in Bengaluru; Editing by Jonathan Ananda)
