ID :
84799
Fri, 10/16/2009 - 19:59
Auther :
Shortlink :
https://www.oananews.org//node/84799
The shortlink copeid
LNG production begins in Yemen, exports expected in weeks
SANA'A, Oct. 15 (Saba) -
The Liquefied Natural Gas Company announced on Thursday the start of producing LNG
at the
Balhaf Plant in southeastern Yemen.
The company said in a statement that the first shipment of LNG is expected to be
exported within the next few weeks, with Yemen to be among the countries exporting
LNG.
Minister of Oil and Minerals Amir Salim Al-Aidrous commented on the launch of LNG
production saying it was a major accomplishment and an important event that
translated
the effective partnership between Yemen and international shareholders.
The $ 4.5 billion Balhaf LNG Plant is deemed one of the biggest investments in
Yemen's history as it was designed to pump natural gas from the block 18th in
Mareb, in the
east, through a 320-km-long pipeline to the Liquefaction Plant in Balhaf, Shabwa,
along the Gulf of Aden.
LNG production has now started with the first train, while the second train is
still under construction.
Yemen will export 5.7 million cubic meters of LNG a year.
The company will export produced LNG quantities by the plant under three 20-year
contracts signed with the French Total Company, the Swiss GDF Company that will
carry shipments
to the U.S., and the Korea Gas Corporation (KOGAS) which will transport LNG to South
Korea.
The construction of the project started in 2005, creating almost 10.000 jobs at the
liquefaction plant site and 3000 jobs during the construction of the pipeline.
The company attracted and qualified local employees for three years to run and
operate the project and now seeks to Yemenize the workforce at various technical
and administrative
sections by 90 percent to help promote economic development in Yemen.
Over the next 20 years, the project is expected to bring in $ 30-50 billion that
will help accelerate development and attract more world companies to invest in the
country.
Total is the leading shareholder of Yemen LNG with a 39.62% interest, alongside the
state-owned company Yemen Gas Company (16.73%), Hunt Oil Company (17.22%), SK
Energy
(9.55%), Korea Gas Corporation (6%), Hyundai Corporation (5.88%), and GASSP1 (5%).
FR
The Liquefied Natural Gas Company announced on Thursday the start of producing LNG
at the
Balhaf Plant in southeastern Yemen.
The company said in a statement that the first shipment of LNG is expected to be
exported within the next few weeks, with Yemen to be among the countries exporting
LNG.
Minister of Oil and Minerals Amir Salim Al-Aidrous commented on the launch of LNG
production saying it was a major accomplishment and an important event that
translated
the effective partnership between Yemen and international shareholders.
The $ 4.5 billion Balhaf LNG Plant is deemed one of the biggest investments in
Yemen's history as it was designed to pump natural gas from the block 18th in
Mareb, in the
east, through a 320-km-long pipeline to the Liquefaction Plant in Balhaf, Shabwa,
along the Gulf of Aden.
LNG production has now started with the first train, while the second train is
still under construction.
Yemen will export 5.7 million cubic meters of LNG a year.
The company will export produced LNG quantities by the plant under three 20-year
contracts signed with the French Total Company, the Swiss GDF Company that will
carry shipments
to the U.S., and the Korea Gas Corporation (KOGAS) which will transport LNG to South
Korea.
The construction of the project started in 2005, creating almost 10.000 jobs at the
liquefaction plant site and 3000 jobs during the construction of the pipeline.
The company attracted and qualified local employees for three years to run and
operate the project and now seeks to Yemenize the workforce at various technical
and administrative
sections by 90 percent to help promote economic development in Yemen.
Over the next 20 years, the project is expected to bring in $ 30-50 billion that
will help accelerate development and attract more world companies to invest in the
country.
Total is the leading shareholder of Yemen LNG with a 39.62% interest, alongside the
state-owned company Yemen Gas Company (16.73%), Hunt Oil Company (17.22%), SK
Energy
(9.55%), Korea Gas Corporation (6%), Hyundai Corporation (5.88%), and GASSP1 (5%).
FR
