Jan 6 (Reuters) – European energy companies Eni and Repsol are struggling to recover recover about $6 billion in gas \u200bpayments from Venezuela and are facing indifference from U.S. \u200cofficials about the debt, the Financial Times reported on Tuesday.<\/p>\n
Eni, Repsol, and \u200cthe U.S. Treasury did not immediately respond to Reuters’ request for a comment. Reuters could not immediately verify the report.<\/p>\n
Italy’s Eni produces gas from the Perla offshore field in Venezuela, a 50-50 \u2060joint venture with \u200cRepsol, operated by the local company Card\u00f3n IV.<\/p>\n
Eni and Spain’s Repsol have supplied Venezuela with large \u200dquantities of gas and naphtha that is used to dilute the country’s heavy oil for easier transportation, the FT report said, citing people \u200bfamiliar with the matter.<\/p>\n
A person familiar with the matter told \u200cFT that the Trump Administration’s “America First” policy was impacting European companies, which have sensed a lack of urgency from the White House in resolving their payment problems, the report added.<\/p>\n
Eni said in March last year that it was told by the \u2060U.S. authorities that it could no \u200blonger be repaid for Venezuelan gas \u200bthrough oil supplied by state firm PDVSA, after Washington warned PDVSA’s foreign partners, including Eni, of plans to \u200dcancel authorizations \u2060allowing Venezuelan oil exports.<\/p>\n
Since the U.S. imposed oil sanctions on Venezuela in 2019, oil swaps have provided ways for \u2060companies to receive payment for joint-venture debt, sometimes also securing refined products \u200cthat PDVSA can distribute domestically.<\/p>\n
(Reporting by Anusha Shah in \u200cBengaluru; Editing by Rashmi Aich)<\/p>\n","protected":false},"excerpt":{"rendered":"Jan 6 (Reuters) – European energy companies Eni and Repsol are struggling to recover recover about $6 billion…\n","protected":false},"author":2,"featured_media":2006,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120],"tags":[133,132,127,1564,564],"class_list":{"0":"post-2005","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-repsol","8":"tag-eni","9":"tag-gas","10":"tag-repsol","11":"tag-u-s-treasury","12":"tag-venezuela"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/2005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=2005"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/2005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/2006"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=2005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=2005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=2005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}