Repsol sees gas output at Venezuela JV reaching 645 million cubic ft/day by Q1 2028
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Repsol sees gas output at Venezuela JV reaching 645 million cubic ft/day by Q1 2028 MADRID, Oct 29 (Reuters) - Spanish energy group Repsol REP.MC expects to increase the daily amount of gas produced at its Venezuelan joint venture Cardon IV to around 645 million cubic feet by the first quarter of 2028.
This would represent an increase of around 11% from the current level of 580 million cubic feet per day.
The guidance is slightly above that given so far by the company, which had expected a 10% growth to around 640 million cubic feet per day.
The gas joint venture is equally owned by Itay's Eni ENI.MI and Repsol.
(Reporting by Pietro Lombardi; Editing by David Latona)
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Repsol sees gas output at Venezuela JV reaching 645 million cubic ft/day by Q1 2028