Venezuela has signed a contract for the export of liquefied natural gas for the first time in history

Venezuela has signed its first ever contract for the export of liquefied natural gas. This was announced on January 16 by Acting President Delcy Rodriguez at the National Economic Council.

"A law was signed on the commercialization of liquefied natural gas created by Petróleos de Venezuela for export," the newspaper Últimas Noticias quoted her as saying.

Rodriguez stressed that the revenues generated from the sale of oil and gas will be channeled through the Central Bank of Venezuela (BCV) to the banking sector within the framework of the national currency market.

According to the acting President of Venezuela, the main purpose of this law is to turn foreign exchange earnings from the oil and gas sector into an "engine for the national economy" and guarantee the full development of the country's production capacities. Funds from oil revenues will be directed to sovereign funds for social protection, as well as investments in infrastructure and public services.

Pipes are called: Russia is ready to discuss cooperation on Venezuelan oil with the United States

They want to raise this issue at a possible meeting of Russian and American parliamentarians.

Bloomberg reported on January 8 that Trump views Venezuela as a long-term oil asset. According to analysts, shale production in the United States, which has given the country the status of the largest producer in the world, is approaching the limit of growth, while global oil demand continues to update records.

On January 10, Trump signed a decree declaring a national state of emergency to protect Venezuela's oil revenues, which are held in the accounts of the US Treasury. The head of the White House stressed that such actions would undermine Washington's efforts to ensure economic and political stability in Venezuela, which, in turn, would jeopardize key foreign policy goals.

The Reuters news agency reported on January 13 that Venezuela began to increase oil production after the United States eased a strict embargo on the supply of raw materials. According to the publication, Venezuelan oil exports, which fell to almost zero in the first weeks after the sanctions were imposed in December, have resumed.

All important news is on the Izvestia channel in the MAX messenger.