DR's gas importation

Chip

Platinum
Jul 25, 2007
16,772
429
0
Santiago
I understand that the Dr gets most of it's gas from Venezuela at a cut rate price, but the way Chavez is acting lately it seems he is increasingly divisive and wants his LA neighbors to decide. Given that now he wants increasing ties with FARC, a terrorist agency and cohorts with the largest drug trafficers in the world, it may be a possibility that the DR will have to look to import there gas from other places.

My questions are, how much does the DR pay a gallon now from Venezuela and how much does it cost on the open market. Also, do we get NG from Venezuela too? What nwould be the changes in prices that we see now?
 

Hillbilly

Moderator
Jan 1, 2002
18,948
514
113
Currently, we use about 154,000 barrels a day. Say 66% is ready to use product, and 34% is crude or semi-crude to be refined at the refinery. Those prices are a pretty closely guarded secret, but perhaps PICHARDO can find out.
If Chavez gets too friendly "something" might happen....

HB