Venezuelan power sector: $15–40B to light up a country Siemens and GE already inspected
VE-ENERGY April brief. GL 48A active, Wright in February, Siemens/GE inspections in March, Delcy announcement in April. The legal-enablement layer is closed; payment mechanism and power reform are not. The power constraint ceilings oil production at 1.2M bpd.
El sistema doméstico cierra abril con la habilitación legal cerrada y la habilitación operativa en evaluación. GL 48 (10-feb-2026, base) y GL 48A (13-mar-2026, ampliación) cubren bienes, tecnología, software y servicios para el sector energético, incluyendo electricidad y CORPOELEC. La visita del Secretario de Energía Chris Wright a Caracas el 11-13 de febrero — primera de un Sec. Energía a Venezuela en aproximadamente 30 años (último: Bill Richardson 1998-2001) — articuló el rol del sector privado estadounidense en modernización de la red, junto con visita a Petropiar (Faja Orinoco) y reuniones con ejecutivos Chevron y Repsol. El 13-mar OFAC emitió GL 48A; a fin de marzo equipos de Siemens Energy y General Electric inspeccionaron Gurí, Caruachi, Macagua y Bajo Caroní (presencia confirmada por prensa local; sin press release oficial Siemens-Energy.com ni GE.com).
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FURTHER READING
04Delcy Rodríguez sets a year-end deadline for the law opening Corpoelec's power grid to private companies
The bill letting private companies into generation, transmission and distribution has been waiting for its second reading since June 2. Before the country's largest business federation, the acting president said it will pass before the year is out.
Petrodelta and Cabimas: two displaced partners in Venezuela and one treaty left
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GL 48D — Supply of Goods and Services to Venezuela
Authorizes the supply from the U.S. or by a U.S. person of goods, technology, software or services for oil, gas and petrochemical exploration, development and production —including maintenance and repair of equipment—, and for electricity generation, transmission, storage and distribution in Venezuela. As of September 28, 2026, the petrochemical annex lists methanol. The formation of new joint ventures remains outside the license. Supersedes GL 48C.
Venezuela productive sector August 2026: the gateway waits on paperwork, not on construction
The Maiquetía terminal opening set for August 24 did not happen and that day's drill closed with no date. The September 1 in circulation sits in reservation systems, not in an official act: what is missing is slot assignment, and United already moved its route to January 2027.
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