HomeEconomyOilThe US issues a license to export liquefied gas to Venezuela

The US issues a license to export liquefied gas to Venezuela

Washington maintains almost a thousand unilateral coercive measures against the country

The Government of the United States (USA) issued this Monday the 40C license for exports of liquefied petroleum gas (LPG) to Venezuela, amid the almost a thousand Unilateral Coercive Measures that still weigh on the South American nation.

This was reported it's a statement the Office of Foreign Assets Control (OFAC), detailing that “all transactions related to the export or re-export, direct or indirect, of liquefied petroleum gas” to the country that involve the government and the state oil company (PDVSA) “(…) are authorized until 12:01 am on July 8, 2025.”

The measure includes transactions and activities that may be prohibited by three Executive Orders of Donald Trump, Nos. 13.850, 13.857 and 13.884.

Likewise, as of July 8, 2024, license 40B, dated July 10, 2023, will be replaced in its entirety by license 40C.

On the other hand, in the text of the 40C license, restrictions on the country's fuel trade such as the payment of imports with oil or derived products, transactions that involve sanctioned persons or any transaction prohibited by the Venezuela Sanctions Regime.

LPG comes from the mixture of two main hydrocarbons: propane and butane and others in a smaller proportion; and is mainly used for the generation of electrical energy, fuel for vehicles and industrial use in the country.

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