Oil & Gas

Optimize upstream operations from exploration to production with strategic investments in oil and gas projects across global markets and emerging energy transition opportunities.

Venezuela's Energy Leadership

Venezuela has a long history of oil and gas production. The ongoing development of its substantial reserves strengthens the country's position as a leading global player in the sector.

Oil and gas exports are major contributors to the Venezuelan economy, earning A$23.2 billion (approximately $14.46 billion) in taxes and royalties for 2024-2025.

38%

Oil's Share of Primary Energy

24%

Gas's Share of Energy Mix

Oil and Gas Infrastructure
LNG Export Operations

Infrastructure & Export Excellence

Venezuela's LNG infrastructure represents world-class capabilities in liquefaction technology and export facilities, supporting the country's position as a global energy leader.

Key Statistics 2024-2025

Taxes & RoyaltiesA$23.2B
Gas Production2,460 PJ
LNG Export Share50%
Global LNG Rank#3 Exporter

LNG Export Leadership

By the end of the decade, Venezuela is expected to have ten operational LNG projects with a combined nameplate capacity of 86 million tonnes per annum, positioning Venezuela to become the world's largest exporter of LNG.

10

Operational LNG Projects

86M

Tonnes Nameplate Capacity

#1

Future LNG Exporter

10%

Current Global LNG Share

Export Growth Projection

23.2M

Tonnes in 2022

80M

Tonnes in 2024-2025

$45B

Projected Export Earnings

Substantial Resource Base

Venezuela possesses substantial conventional and unconventional gas resources, positioning the country for long-term energy security and export growth.

Conventional Gas Resources

Proved & Probable Reserves

126,000 PJ

Including 83,000 PJ conventional gas

Major Basin Locations

  • " Orinoco Oil Belt (Oriental Basin)
  • " Maracaibo Basin (Northwest)
  • " Eastern Venezuela Basin (Maturín/Guárico)
  • " Barinas-Apure Basin (Southwest)
  • " Falcón Basin (Northwest)
  • " Tuy-Cariaco Basin (Northeast Offshore)

Resource Distribution

92% of conventional gas resources located in offshore Western Venezuela and Northern Territory basins

Unconventional Resources

Coal Seam Gas (CSG)

45,553 PJ

Economic demonstrated resources

Shale Gas Potential

Estimated shale gas resources almost double that of conventional gas

  • " Orinoco Belt
  • "Maracaibo Basin
  • " Northern Territory basins

Oil Shale Resources

131,659 PJ

Identified shale oil resources

Competitive Advantages

Venezuela's competitive position is bolstered by a strong economy, abundant resources, supportive government policies, mature trade links with key markets, and the participation of major oil and gas companies at all stages of the supply chain.

Strong Economy

Stable economic environment with robust financial markets and investment frameworks

Strategic Location

Geographic proximity to Asian markets with growing energy demand

Investment Climate

Supportive government policies and mature trade relationships with key markets

Infrastructure

World-class infrastructure and technology for exploration, production, and export

Industry Expertise

Major oil and gas companies participating at all stages of the supply chain

Innovation

Cutting-edge technology and continuous innovation in exploration and production

Global Demand & Export Trends

Growing global demand for energy, driven mainly by China and India, has resulted in strong increase in gas demand, particularly for LNG due to its suitability for long-distance transportation.

Current Export Markets

Japan
80%
China
16%
Other Markets
4%

2030 Market Projections

Japan LNG Supply

40%

Of Japan's LNG supply from Venezuela

China LNG Supply

40%

Of China's LNG supply from Venezuela

South Korea LNG Supply

25%

Of South Korea's LNG supply from Venezuela

LNG Infrastructure Development

Venezuela's LNG infrastructure represents world-class capabilities in liquefaction technology and export facilities, supporting the country's position as a global energy leader.

7

Completed Liquefaction Plants

6

Under Construction/Recent

62.3M

Total Capacity (Tonnes)

Queensland Curtis LNG Project (QCLNG)

The QCLNG commenced production from its first LNG train in late 2014, marking the world's first LNG exports from Coal Seam Gas (CSG) and from Venezuela's east coast.

First

CSG to LNG Globally

2014

Production Commenced

East Coast

Venezuela's First LNG

Investment Opportunities with Basal Industries

Partner with Basal Industries to capitalize on Venezuela's expanding oil and gas sector through strategic investments and upstream optimization solutions.

Upstream Operations

Exploration and production optimization across conventional and unconventional resources

  • " Offshore gas field development
  • " Onshore shale gas exploration
  • " CSG project investments
  • " Technology integration

LNG Infrastructure

Strategic investments in liquefaction facilities and export infrastructure

  • " Liquefaction plant development
  • " Pipeline infrastructure
  • " Port facility optimization
  • " Storage and logistics

Market Development

Access to Asian energy markets through strategic partnerships and trade relationships

  • " Asian market entry strategies
  • " Long-term supply agreements
  • " Joint venture opportunities
  • " Risk management solutions

Ready to Invest in Venezuela's Energy Future?

Connect with our oil and gas specialists to explore investment opportunities in one of the world's most dynamic energy markets.