Eneva CEO says that Brazil is looking at options in Venezuela for possible deals

Eneva, which is a Brazilian company that operates in the gas, oil, and power sectors, is looking at?deals? in Venezuela after regulatory changes were implemented, said its CEO on Wednesday.

Lino Cancado, CEO of the company, told journalists at a Rio de Janeiro energy event that there are opportunities for gas-fired plants in Venezuela.

"It's a country that is going through an opening process. There are significant administrative and regulatory changes that reduce the huge risk in?Venezuela."

Cancado said that Venezuela has a large demand for investment in the energy and petroleum sectors. He cited opportunities ranging from exploration, production and power generation. He stated that there are no concrete projects or partnerships.

What we do best is?gas-fired thermo generation. He said that there are opportunities to do "everything" we know how to.

In February, it was reported that?Eneva had been evaluating investment options in?Venezuela as the U.S. government began encouraging investments after the 'capture' of the former Venezuelan president?Nicolas Maduro. (Reporting by ?Rodrigo Viga Gaier in Rio de Janeiro; Writing by Andre Romani and Fernando Cardoso, Editing by Inigo Alexander)

(source: Reuters)