Yemen LNG

Coordinates: 13°59′07″N 48°10′49″E / 13.9854°N 48.1802°E / 13.9854; 48.1802
Source: Wikipedia, the free encyclopedia.
Yemen LNG
Founded1995
HeadquartersBalhaf,
Hadhramout
,
Yemen
WebsiteYLNG's official website

Yemen LNG (also called YLNG) is the first natural gas liquefaction (LNG) project in Yemen. The LNG plant is located in Balhaf.

History

Yemen LNG Company was incorporated in 1995 to develop the LNG plant. In 1997, the development was halted because of the

Marib-Jawf field.[4] The production started on 15 October 2009.[5][6]

Technical description

The project comprises upstream gas processing facilities including a transfer line linking processing units, a spur-line for transporting gas to the Ma'bar area and a 320 kilometres (200 mi), 38 inches (970 mm) pipeline connecting the gas processing facilities to the LNG plant. The plant consists of two

Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citigroup, ING Group, Royal Bank of Scotland, Société Générale, and Sumitomo Mitsui Banking Corporation are the initial mandated lead arrangers and bookrunners on a loan.[10]

Project company

The consortium is led by

SK Corp. (9.55%), Kogas (6.00%), Hyundai Corporation (5.88%), and the General Authority for Social Security & Pensions of Yemen (5.00%).[5][6] On 30 June 2010, Russia's government announced that Russian gas company Gazprom may buy Hunt Oil's stake, possibly together with Saudi Arabia.[11]

LNG exports

Yemen LNG has SPAs ('Sale and Purchase Agreement') to supply:

  • Engie (formerly Suez) — 2.5 mtpa,
  • Total S.A.
    — 2.0 mtpa,
  • Kogas
    — 2.0 mtpa.

All SPAs last from 2009–2029.

Early November 2017,

Total S.A. would buy all Engie's LNG production in the world; it is assumed that this agreement covers Engie
's prior SPA with Yemen LNG.

Due to the civil war raging in Yemen (

Yemeni Civil War (2015–present)
), the Yemen LNG partners stopped gas production, liquefaction and export in April 2015. Until today, April 2021, the production and exports had not yet resumed. The latest attack on a pipeline was in June 2019.

References

  1. ^ "MOU Signed Between Yemen LNG and BG for Pipavav Project" (Press release). BG Group. 1998-05-05. Retrieved 2008-02-15.
  2. ^ Willems, Peter (2004-09-27). "Yemen LNG is optimistic about the future". Yemen Times. Retrieved 2008-02-15.
  3. ^ "Yemen LNG Development Launched". Rigzone. 2005-08-29. Retrieved 2008-02-15.
  4. ^ "Yemen Safer to conclude LNG gas deal end Nov-exec". Reuters. 2007-10-29. Retrieved 2008-02-15.
  5. ^ a b c Boselli, Muriel (2009-10-15). "Five facts about Yemen LNG". Reuters. Retrieved 2009-10-17.
  6. ^ a b True, Warren R. (2009-10-15). "Yemen LNG yields first production into glutted market".
    PennWell Corporation
    . Retrieved 2009-10-17.
  7. ^ Shirkhani, Nassir (2006-12-04). "Yemen LNG on starting blocks".
    NHST Media Group
    . Retrieved 2007-08-05.
  8. ^ Mangham, Christopher (2008-02-13). "RLPC-Yemen LNG selecting banks for project loan-bankers". Reuters. Retrieved 2008-02-15.
  9. ^ "Yemen LNG players line up lenders".
    NHST Media Group
    . 2008-03-07. Retrieved 2008-03-07.
  10. ^ Watkins, Eric (2008-03-10). "Total-led Yemen LNG arranges LNG project financing".
    PennWell Corporation
    . Retrieved 2008-03-11.
  11. ^ Bryanski, Gleb (2010-06-30). "Russia's Gazprom eyes Hunt stake in Yemen LNG project". Reuters. Retrieved 2010-06-30.

13°59′07″N 48°10′49″E / 13.9854°N 48.1802°E / 13.9854; 48.1802

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Yemen_LNG&oldid=1181176000"