US winds down exports of LPG to Venezuela, Treasury says

WASHINGTON, July 7 (Reuters) - The Trump administration on Monday wound down a license allowing shipments of liquefied petroleum gas (LPG) to Venezuela's state energy company Petroleos de Venezuela SA (PDVSA), the U.S. Treasury Department said on Monday.

Offloading of LPG is allowed until September 5, provided that the gas was loaded on a vessel on or before July 7, it said.

Venezuela has not used the license to buy the shipments of LPG, originally issued in 2021, market sources said. LPG is mainly used as a cooking fuel in the country, a member of OPEC.