The article is devoted to the specificity of Venezuela's energy policy and the features of the evolution of its approaches to solving problems of energy security. Special attention is paid to the projects of Caracas in the energy sector which are aimed at the creating of common energy zone in Latin America. The author has revealed the interaction of internal political processes in Venezuela as the country's leader in the region, with its integration policy, and also identified trends in the further development of energy policy and strategy of Latin American countries. The research of energy resources of Latin America determined that the main factor that works in favor of convergence states within the South American "geopolitical ring" is to ensure energy security. Venezuela is among the richest resources of Latin America. In the research it was determined that Petrosur, Petrocaribe and Petroandina provide the basis for a range of bilateral agreements to promote cooperation, creation ventures based on the state oil companies of these states.