Yemen Lng
Summary Information
- Ownership: Yemen LNG (
- Total (39.62%)
- Yemen Gas Company (16.73%)
- Hunt Oil Company (17.22%)
- SK Energy (9.55%)
- Korea Gas Corporation (6%)
- Hyundai Corporation (5.88%)
- Yemen’s General Authority for Social Security and Pensions (GASSP, 5%).
- Website: http://www.yemenlng.com/ws/en/home.aspx
- Location: Balhaf Yemen's southern coast.
- Capacity: 6.7 million tons of LNG per annum
- Status: In operation
History
- The EPC contract for the LNG terminal was awarded to Yem Gas in late 2005
- By the end of 2008, the 320 km pipeline was complete from the Marib gas field to the liquefaction plant, and gas started flowing to the site on 19 November 2008 for electricity generation initially then for plant commissioning and start up.
- As of November 2009, Yemen LNG completed the construction of Train 1 and started export of LNG.
Ongoing Projects/Project Status
- The construction of the LNG Plant was awarded to the Yemgas consortium made up of Technip of France, JGC Corporation of Japan and KBR of the United States of America.
Customers
- In August 2005, Yemen LNG signed Sales & Purchase Agreements with three major buyers for a period of twenty years:
- Suez LNG Trading S.A (Affiliate of Suez S.A.)
- Total Gas & Power Ltd. (Affiliate of Total S.A.)
- Korea Gas Corporation (known as Kogas)
Other Information
- As the country’s largest-ever industrial investment (budgeted around US$ 4.5 billion), the decision to launch the Yemen LNG project in August 2005 was an important milestone for both the Government of Yemen and the Yemen LNG shareholders.
- The location of Yemen is strategically advantageous allowing accessibility to all LNG markets, both in the Asia Pacific basin as well as to expanding markets on either side of the Atlantic.
- A 320-kilometre gas pipeline carries feed gas from Block 18 in central Yemen’s Marib region to the Balhaf liquefaction plant on the country’s southern coast.
- The proven gas reserves are sufficient to produce and export 6.7 million metric tonnes of LNG per annum (mmtpa) for at least the next 20 years to its long-term customers in the North American and South Korean markets and potentially also to new customers in the future.
Relevant Links
page revision: 12, last edited: 13 Apr 2012 12:57