Venezuela grants gas licenses to three foreign companies
New gas licenses can add upstream supply capacity and open additional gas output for export or domestic use.
Source →The trace
How it reaches your house.
Starting from Chevron Corporation, we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
BP plc →supply upNatural gas wellhead production
Venezuela’s license award to BP and partners for the Loran gas field should modestly increase BP-linked gas supply into wellhead production, but the effect is limited by the input’s only partial reliance on this source and the long development timeline.
79% confidenceChevron Corporation →supply upNatural gas wellhead productionCVX
Venezuela's new gas licenses should increase upstream natural gas output, which eases Chevron's existing dependence on natural gas wellhead production as an input.
69% confidenceEquinor ASA →supply upHop 2
Natural gas wellhead production →supply upHigher natural gas wellhead production directly increases the availability of residential natural gas, and this edge is marked critical with dependency_strength=1.
97% confidenceNatural Gas →Prices easeAMERICAN ELECTRIC POWER CO INCAEP
AEP burns large volumes of natural gas for power generation, so extra supply should lower its fuel costs.
90% confidenceNatural Gas →Prices easeSEMPRASRE
Hop 3
Natural gas (home) →supply upNatural gas wellhead production
Venezuela’s new gas licenses directly expand upstream production capacity, which should increase wellhead gas output feeding the home gas supply chain.
86% confidenceIndustrial gases →supply upVenezuela’s new gas licenses add upstream natural-gas output, and industrial gases rely on natural gas as a critical input, so that input becomes more available.
68% confidenceUnited States →Prices ease