Two major energy companies have reached a deal with Venezuela's interim government to revive production in a large offshore field and begin exporting natural gas, according to a new report.
Bloomberg detailed that Spain's Repsol and Italy's Eni plan to start exporting the resource by the end of 2031. The deal, the outlet added, allows the companies to more than double production in the Gulf of Venezuela and export liquefied natural gas from a floating terminal.
