Venezuela Joins G20 Energy Summit
The US has invited Venezuela to participate in the G20 energy summit in Houston, Texas, as the world grapples with soaring energy prices driven by the Middle East war, with Venezuelan oil minister Paula Henao and PDVSA vice-president Jovanny Martinez attending
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EU Energy Commissioner Dan Jørgensen attends the G20 energy meeting in Houston.
Story published. The US has invited Venezuela to participate in the G20 energy summit in Houston, Texas, as the world grapples with soaring energy prices driven by the Middle East war, with Venezuelan oil minister Paula Henao and PDVSA vice-president Jovanny Martinez attending
The US has invited Venezuela to participate in the G20 energy summit in Houston, Texas, as the world grapples with soaring energy prices driven by the Middle East war. A Venezuelan delegation will participate in the G20 energy meetings in Texas, which will be held from September 14 to 16.
The summit will include representatives from G20 countries, including China, India, Japan, and Germany, as well as major oil producers like Canada and Saudi Arabia. Venezuelan oil minister Paula Henao and PDVSA vice-president Jovanny Martinez will attend the summit, along with US Energy Secretary Chris Wright and Interior Secretary Doug Burgum.
The invitation comes after the US and Venezuela announced a deal on August 28, giving the US majority control of 65 billion barrels of proven petroleum reserves. This deal is seen as a significant development in the energy sector, as the US seeks to boost its oil supply amidst soaring energy prices.
The cost of energy has hit record highs in the US, with the price of a gallon of diesel averaging $6.20, and regular petrol being 44% more expensive than it was before the war. The G20 energy summit aims to address these issues and find solutions to the global energy crisis.
## Why it matters The participation of Venezuela in the G20 energy summit is significant, as it marks a deepening of engagement between the US and Venezuela on energy issues. The summit will provide a platform for discussions on how to address the global energy crisis, and the role that Venezuela can play in boosting oil supply. With the world struggling to cope with soaring energy prices, the outcomes of the summit will be closely watched by governments, businesses, and consumers around the world.
The G20 energy summit will continue until September 16, and is expected to produce significant announcements and agreements on energy cooperation and investment. As the world's largest economies and major oil producers gather in Houston, the focus will be on finding solutions to the global energy crisis, and ensuring a stable and secure energy supply for the future.
