LatinNews Daily - 13 March 2026

*Venezuela’s government has signed agreements with energy companies Repsol (Spain) and Eni (Italy) to develop the Cardón IV offshore natural gas block, which includes the major Perla gas field. Specific details of the agreements have not yet been made public. President Delcy Rodríguez said that this will “not only guarantee the supply of gas in our country for national development and domestic consumption, but will also permit the expansion of exports”. This, she said, will ensure that “Venezuela remains on track to become a gas-exporting country”. Rodríguez described Repsol and Eni as “two European companies that stayed in Venezuela, that believed in Venezuela, and that didn’t turn their backs on our people”. Separately, Juan Nutt, the director of Venezuelan engineering firm Vepica, confirmed to Spanish newswire EFE yesterday that Vepica has signed an agreement with British oil firm Shell. Nutt told EFE that “Shell is forming an alliance with us, as the principal contractor, to develop oil and gas fields”.

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