Venezuela signed its first contract to export liquefiednatural gas (LNG), acting President Delcy Rodriguez confirmed on Saturday,noting that economic diversification and import substitution remain central tothe government’s strategy.
She explained that foreign currency earnings fromhydrocarbon exports will no longer be channeled toward importing fuel. Instead,the revenues will be allocated to social and economic development, includingthe establishment of sovereign wealth funds designed for long-term investment.Rodriguez further outlined plans to steer financing toward productive sectorssuch as agriculture, fishing, food industries and tourism, rather thanfinancial or currency speculation.
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