Insight
LNG exports or pipedream: What is next for Venezuela's gas market?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Following the capture of President Nicolas Maduro at the start of January and the US plans to turbocharge Venezuela’s oil production, we’ve received plenty of questions about what all of this means for the country’s gas market. This insight explores the potential changes to gas supply and demand and possible export routes via Colombia and LNG.
Table of contents
- Executive Summary
-
The state of Venezuela’s gas market
- How much gas does Venezuela produce?
- What’s the relevance of the Perla field?
- How much gas does Venezuela consume?
- How could the domestic market grow?
- What’s the import and export situation?
-
Potential to export Venezuelan gas via pipeline to Colombia
- What is the current state of the Colombia gas market?
- What are Colombia’s LNG infrastructure plans?
- Could Venezuelan gas be imported to Colombia?
-
Potential to export Venezuelan gas via Atlantic LNG or own export facility
- What is the current situation at Atlantic LNG?
- Could Venezuelan gas be exported via ALNG?
- Are the investments attractive?
- What are the challenges for development?
- Is there further long-term potential for Venezuela LNG exports?
- The path forward for Venezuelan gas
Tables and charts
This report includes the following images and tables:
-
Venezuela marketed gas productionVenezuelan oil and gas fields and pipelinesDiscovered offshore gas fields in Venezuela (including cross-border fields with Trinidad and Tobago which have been blocked by sanctions)
-
Colombia gas balanceColombia gas market map (mmcfd)Wood Mackenzie’s base case of exports from ALNG by supply field vs liquefaction capacityMap of Venezuelan and cross border fields, ALNG, and existing pipelinesPotential for LNG exports from ALNG with addition of likely Venezuela and Manakin feedgas
What's included
This report contains:
Other reports you may be interested in
Asset Report
East Coast Marine Area (LNG)
The East Coast Marine Area (ECMA) is an important gas producer in Trinidad, supplying gas to both the domestic and LNG markets. It ...
$3,720
Insight
The US LNG boom: what’s driving investment and what could shift the momentum
US LNG development reached historic heights in 2025
$950
Insight
A Structural Deficit Drives Colombia's Pivot: From Onshore Producer to Coastal Importer
Is Colombia’s natural gas at a turning point? Rising demand, falling domestic output, and growing offshore expectations
$950
