Antonio Ricaurte Gas Pipeline Reactivation Needs $66M and OFAC Authorization

Energy sector and multilateral banking representatives in Caracas stated that rehabilitating the Antonio Ricaurte gas pipeline, aimed at resolving Colombia's gas shortage, requires $66 million and OFAC authorization. The project's feasibility hinges on US sanctions relief, which remains uncertain. This development signals potential cross-border energy cooperation between Venezuela and Colombia, but progress is contingent on geopolitical approvals.