U.S. Greenlights Liquified Petroleum Gas Exports To Venezuela

The U.S. Department of the Treasury extended on Thursday the authorization of export and re-export of liquefied petroleum gas to Venezuela until July 2023.   Liquefied petroleum gas (LPG) is mostly used in Venezuela as a cooking fuel and the first general license for U.S. exports of LPG to the country, which is otherwise under American sanctions, came in July last year.

Back then, the Treasury Department authorized through July 8, 2022, some exports and re-exports of LPG to Venezuela. Such transactions were not allowed during the Trump Administration. …