Panel Discussion 4: Unlocking Venezuela's Domestic Gas Market: Reform, Investment & Private Sector Growth

From Potential to Production: Creating the Conditions for a Competitive Gas Market. Despite possessing one of Latin America's largest natural gas resource bases, Venezuela's domestic gas market remains significantly underdeveloped. Unlocking its full potential will require targeted regulatory reforms, greater private sector participation and investment incentives that support both associated and non-associated gas development. This session will explore the role of the Gaseous Hydrocarbons Law, opportunities to strengthen the domestic gas market, balancing regulated and competitive market structures, and how policy changes can encourage new investment while ensuring sufficient gas supply for domestic industry, power generation and future export markets.

With: Santiago Fontiveros, Managing Partner, Sucre Energy Group; Francisco Martinez, Coordination Manager Cardón IV, Repsol; Ivan Del Jesús Betancourt, General Director – Venezuela, ENEVA; Luis Lamas, Chief Executive Officer (CEO), Valesco Group; Fabrizio Bolondi, Managing Director, Eni Venezuela; Gerardo Burgos, Offshore Asset Manager, Shell

Moderated by: Tomas Mata, Vice President, Venezuelan American Petroleum Association (VAPA)