Yemen LNG starts production
16 Oct 2009
Oil giant Total, the lead shareholder of Yemen LNG, has announced that that the Yemen LNG liquefaction plant started producing Liquefied Natural Gas (LNG) on 15 October 2009.
Total's stake in Yemen LNG is a 39.62 per cent.
The other stake holders in theproject are the state-owned company Yemen Gas Company, which holds 16.73 per cent, Hunt Oil Company with 17.22 per cent, SK Energy with 9.55 per cent, Korea Gas Corporation with 6 per cent, Hyundai Corporation with 5.88 per cent, and GASSP1 holding the remaining 5 per cent.
The Yemen LNG project, which will have required an overall $4.5-billions investment, is the most important investment ever made in Yemen. It will supply gas from Block 18, located in the Marib region in central Yemen, through a 320 kilometres dedicated pipeline to the LNG plant located at the port of Balhaf on the southern coast of the country.
The plant started production with the first train while the construction of the second train is being completed. Total production capacity will reach 6.7 millions tons of LNG per year (Mt/y).
Following the three gas sales agreements signed in 2005 with Kogas, GDF-Suez and Total Gas & Power Ltd., LNG from Yemen LNG will be exported to both the Asian and Atlantic markets.
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