(Energy Analytics Institute, Jared Yamin, 31.May.2016) — Venezuela published details in its Official Gazette No. 40,913 which establishes that private, national and foreign companies that transport and distribute gas for collective consumption can maintain their foreign currency in banking institutions or similar entities.
The private gas companies “don’t have the right to obtain currency via Venezuela’s Central Bank to cover obligations or payments in foreign currency and are subjected to the regime established in this publication,” according to the gazette.
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