In 2023, Venezuela held 195 trillion cubic feet (Tcf) of reserves, making up 73% of 's total. Most of this gas is associated with crude oil, with 80% produced as a . Despite these vast reserves, much of Venezuela's natural gas is underutilized, used to support mature oil fields or flared due to inadequate infrastructure. Production peaked at 1.12 Tcf in 2001 but fell to 563 billion cubic feet (Bcf) by 2021, hampered by poor investment and lack of.
[pdf] As of 2021 there is little use of in but much potential as part of the expansion of , as the country has few fossil fuel resources and imports much of its energy. At the end of 2019 there was just over 150MW produced by solar power.
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