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Ecopetrol in Talks for 10-Year Venezuelan Gas Supply Agreement

CEO Joaquin Gutierrez called the proposed price “very competitive” and “well below” current market levels. Negotiations remain ongoing.

Two pipe sections face a brass connector on a rust-colored surface / TokenPost.ai (macro)
Two pipe sections face a brass connector on a rust-colored surface / TokenPost.ai (macro)

Ecopetrol is discussing a 10-year agreement to buy Venezuelan natural gas, and CEO Joaquin Gutierrez said Friday during an earnings call that its proposed price would be below current market levels.

Gutierrez called the proposed price “very competitive” and “well below” current market levels. Talks are ongoing.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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