LatinNews Daily - 16 March 2026

*Venezuela’s President Delcy Rodríguez has met with government ministers from Colombia, announcing during the meeting that Venezuela will begin exporting liquefied petroleum gas (LPG) to Colombia for the first time. This announcement comes after the Colombian government revealed last week that it has reached an agreement with Venezuela’s state oil company Petróleos de Venezuela (Pdvsa) to reactivate the binational Antonio Ricaurte natural gas pipeline, which has not been operational since 2019. The meeting came after a planned meeting between Rodríguez and Colombia’s President Gustavo Petro on 13 March was postponed. The Petro administration is also hoping to reach security agreements with Venezuela, with Petro announcing on social media that there would be “coordinated activity” to “dislodge armed narco groups from the border between Colombia and Venezuela”. Separately, the US Treasury Department’s Office of Foreign Assets Control (Ofac) issued three new general licences on 13 March in its latest easing of sanctions on Venezuela. The licences allow certain transactions involving Venezuelan oil or petrochemical products; the provision to Venezuela of certain items and services relating to the oil, gas, petrochemical, and electricity sectors; and negotiations of and entry into contingent contracts for certain investments relating to those sectors.

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