US authorizes supply of liquefied petroleum gas to Venezuela

It is mainly used in OPEC countries as a cooking fuel

US authorizes supply of liquefied petroleum gas to Venezuela

The US Treasury Department authorized the export and re-export of liquefied petroleum gas (LPG) to Venezuela until July 8, 2022, which was not prohibited by executive orders of former President Trump in 2018 and 2019, Reuters reported.

The Office of Foreign Assets Control, which is part of the Treasury, has issued a license permitting the supply of gas in operations involving the Venezuelan government, the state-owned energy company Petroleos de Venezuela (PDVSA), or any entity in which PDVSA owns 50%. According to OFAC, the license does not allow any in-kind payments for oil or petroleum products.

Many people in Venezuela use the LPG for cooking, but it has become scarce as the country’s economy collapsed. The US sanctions against PDVSA have cut investment in its refining network, with more people burning wood as a result.

Increased wood burning can cause breathing problems due to smoke, raise temperatures in cities and cause environmental problems.

The Biden administration kept the Trump-era sanctions on PDVSA in order to pressure Venezuelan President Nicolas Maduro, whom Washington accuses of violating human rights and falsifying his 2018 re-election.

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