Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
1 March 2010
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

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
In pipelines we trust
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
Canada’s oil and gas looks east
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
Can Merlin work magic for Shell in Namibia?
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
High hopes and dry wells in the Black Sea
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search