1 March 2010
Deepening power-supply crisis threatens the Venezuelan economy
Rolling blackouts have been imposed throughout the country outside the capital, Caracas, to slow down the rate of decline in the Guri hydro-electric reservoir, the source of two-thirds of Venezuela's power. Because of a drought, rainfall has been far less than expected, leading the dam operator to say the country's electricity system could collapse by April. Water levels at the dam are around 258 metres above sea level, but if the reservoir falls to 240 metres above sea level, turbines at the generating station must begin to be shut down. The result would be serious power shortages throughout the country. In 2003, a drought reduced the Guri dam's reservoir levels significantly, but the coun
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment






