A new economic alliance is reportedly taking shape between Canada and the European Union to create critical raw material reserves by increasing gas shipments to Europe.

Both regions are currently studying this possibility, sending more Canadian liquefied natural gas (LNG) to Europe to guarantee supply to their industries and the general population, particularly during times of crisis or service disruptions.

On October 30, a joint declaration was issued, “adopted at the end of the summit held in Montreal, in which both parties commit to conducting a long-term feasibility study on gas shipments to European territory,” as well as exploring mechanisms to “store resources considered essential for both civilian and defense industries.”

Investment aspects and long-term energy supply contracts were evaluated, as well as climate commitments and the development of sustainable energy sources.

“To this end, they will conduct a joint study on LNG exports to Europe and expand their collaboration on electricity grids, battery storage, and physical and cybersecurity of energy infrastructure,” the document states.

Increasing investments and bilateral cooperation

The EU-Canada declaration also includes maintaining cooperation on nuclear technologies, the supply of uranium, fuels, and services related to the nuclear cycle.

In parallel, Canada and the European Investment Bank (EIB) finalized negotiations on an agreement to facilitate European investment in Canadian strategic resources, especially critical raw materials. This also includes opening up to new investments in third countries regarding “connections between European and Canadian ports to facilitate the transport of energy and strategic minerals, as well as improving the protection of maritime and submarine infrastructure.”

M.Pino

Source: elperiodicodelanergia

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Last week, Omar Bautista, president of the Venezuelan Chamber of Automotive Parts Manufacturers (Favenpa), indicated that the country is working to recover the sector’s production capacity and restore the annual supply capacity of 100,000 units.

According to Bautista, the Venezuelan automotive market is showing signs of recovery and commercial dynamism in 2026, evidenced by the sustained sale of thousands of units and the addition of nearly 40 new vehicle brands that diversify the offerings for the Venezuelan people.

The industry leader shared this data during his participation in a radio program, where he emphasized the local commitment to achieving the stated goal by integrating the country’s talent and productive capacity.

The sales growth represents a strategic opportunity to “simultaneously strengthen assembly plants and the national parts and components industry, ensuring that commercial expansion becomes a lasting boost for Venezuela’s industrial fabric.”

During the first quarter of the year, the Venezuelan Automotive Chamber (Cavenez) reported the sale of 11,236 new cars, representing a 74.3 % increase compared to the same period in 2025.

Bautista highlighted the joint efforts of the public and private sectors to chart a course. “A path to prosperity and productive job creation,” where the automotive sector, technical working groups with the Ministry of Industries and National Production, and the Ministry of Economy, Finance, and Foreign Trade converge.

The goal is to implement policies that will “integrate local industry into supply chains, consolidating a harmonious balance that fosters economic growth and elevates Venezuelan-made manufacturing.”

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Source: ultimasnoticas

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The president of the Venezuelan Confederation of Industrialists (Conindustria), Tito López, indicated in an interview for Radio Fe y Alegría Noticias, that 80 % of the Venezuelan manufacturing industry is operational, after the earthquakes of June 24.

According to the union member, “the damages recorded so far do not compromise the supply, production or distribution of goods.”

López explained that “only 6 % of the companies reported moderate damage and another 14% presented slight damage, mainly in some plants in the food sector and in industries located in the Yaracuy state.” Regarding companies in the states of Carabobo, Aragua, Lara and others in the central region, including Miranda, he stressed that they maintain their operations following the corresponding security protocols.

He added that “the regional chambers and the different sectors are working together with the affected companies to complete the repairs in the coming days.” The exception is a vegetable oil processor located in the Veroes municipality, Yaracuy state, which temporarily suspended operations due to the damage suffered.

López has ruled out shortages of goods and products in the national market, since production and distribution continue normally.

Conindustria proposed the application of fiscal measures to support the recovery of the affected areas, such as “reviewing exemptions from VAT, Income Tax and some import taxes, especially for essential inputs.” Also, they ask you to avoid nervous buying of medications.

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Source: radiofeyalegrianoticias

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The director of vegetables for the Confederation of Agricultural Producers Associations (Fedeagro), Emilio Breindembach, noted that during the first seven months of 2025, the sector grew 30 %.

According to the official, the leading vegetable crops are potatoes, onions, and tomatoes. Breindembach highlighted Fedeagro’s efforts to meet the national demand for vegetables.

He referred to a historic change in vegetable production in just a decade, as Venezuela previously imported around 85 % of its food supply. Currently, domestic production meets 97 % of consumer demand.

Regarding the distribution of produce to the various states, he reiterated that there are delays due to road problems.

M.Pino

With information from national media and social media

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According to the International Energy Agency (IEA) oil supply forecasts for 2025, the figures will be favorable.

Despite the impact on the sector of low demand from China, the agency “increased its forecast for growth in global oil demand for 2025 to 1.1 million barrels per day, from 990,000 bpd” in November.

This measure is in addition to the three-month delay, until April of this year, by OPEC+ in the start of the increase in oil production and extended by one year, until the end of 2026.

For 2025, the IEA’s outlook “points to an excess supply of 950,000 barrels of oil per day, even excluding the return to higher production quotas.”

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Source: larepublica.co

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