Venezuela has experienced a dramatic decline in its oil and gas industry. Reversing its fortunes will demand a strengthening of the existing institutional framework with attracting more environmentally responsible international investments the key objective.
- How will the declining global demand for oil and gas affect Venezuela’s recovery plans?
- How clearly does the Hydrocarbons Bill, introduced in the Venezuelan National Assembly in October 2020, provide a roadmap in rebuilding the institutional and regulatory framework that will be necessary to attract international investors to the energy sector?
- How does the proposed changes compare to the conditions in the other countries that Venezuela will need to compete with for investment and market share especially as investors and markets turn away from carbon intensive production and fuels?
- What is the potential for a comprehensive energy policy in Venezuela that also incorporates power sector reform?
This panel discusses the findings of a new Chatham House paper, supported by the UK Foreign, Commonwealth and Development Office, on rebuilding Venezuela’s collapsed energy system.
Igor Hernández, Graduate Fellow, Baker Institute Center for Energy Studies
Jose La Rosa Reyes, Latin America Energy Research Analyst, Center for Energy Studies
Dr Luisa Palacios, Fellow, Center on Global Energy Policy; Adjunct Senior Research Scholar of International and Public Affairs, Columbia University
Ambassador Andrés Rozental, Founding President, Mexican Council on Foreign Relations; Senior Adviser, Chatham House
Dr Nick Norton, Senior Energy Adviser, Americas Directorate, UK Foreign, Commonwealth & Development Office
Chair: Dr Valérie Marcel, Associate Fellow, Energy, Environment and Resources Programme, Chatham House