Venezuela Ready to Supply Energy to Europe

Venezuelan Foreign Minister Yván Gil confirmed in Rome that Venezuela wants to supply energy to Europe.

He spoke at the 11th Italy-Latin America and Caribbean Conference. During the talk, Gil said that Latin America is a reliable source for energy.

This includes both fossil and alternative forms. He shared a video on social media to emphasize his point.

Gil sees this as a chance to grow partnerships in the energy sector. At the conference, he also talked about following United Nations rules.

He spoke against taking one-sided actions that could harm others. The minister highlighted the deep-rooted relationship between Italy and Venezuela.

Gil wants to improve cooperation with Italy. He discussed this in the context of the Latin American and Caribbean Community of States, known as CELAC.

Gil also met with Italian Foreign Minister Antonio Tajani. They talked about the activities of the Italian oil company ENI in Venezuela and the Italian community living there.

Background

This announcement comes as Europe is looking to diversify its energy sources. Venezuela’s offer could be timely for countries seeking alternatives to Russian gas, for example.

Historically, Venezuela has been a significant oil producer. However, its oil industry has faced challenges in recent years, including economic sanctions.

Italy and Venezuela have a longstanding relationship, particularly in the energy sector. Italian oil company ENI has been operating in Venezuela for years.

The talk between the foreign ministers of both countries could signal a strengthening of ties.

As Venezuela aims to re-enter the global energy market, partnerships with European countries like Italy could be vital.