Economy While the plenary session of the Venezuelan National Assembly Wednesday gave their initial approval to the draft organic law on the restructuring of the liquid fuel domestic market, under which fuel distribution is nationalized, the President's Office is now preparing a similar bill, this time to reserve to the State the right to distribute nationwide liquefied natural gas, that is, the gas supplied in cylinders to 85 percent of Venezuelan households. 

The Minister of Energy and Petroleum and President of Petróleos de Venezuela (Pdvsa) told El Universal that the current brands would be replaced by a brand called Pdvsa Gas Comunal, one of the seven new subsidiaries organized by Pdvsa last year. This new company will be responsible for nationalization of gas supply companies Vengas and Tropigas.

Consequently, private companies will be involved only in the last link of the chain, i.e. gas retail sales. They will have to share this business with the community councils, as previously announced.