Yemen commences LNG exports from new plant

Yemen commences LNG exports from new plantYemen commenced exporting liquefied natural gas (LNG) from its newly constructed LNG facility in Balhaf on the Gulf of Aden, with the first shipment intended for South Korea. The South Korean LNG carrier Ecopia will carry 147,000 cubic metres.

The sources informed that USD 4.5-billion (3-billion-euro) project, entailing a 320-kilometre (200-mile) gas pipeline from Maarib in eastern Yemen, is the country’s major ever investment.

The plant plans to accomplish a total production capacity of 6.7 million tonnes of LNG per annum, exporting to South Korea, Europe as well as North America.

In fiscal 2008, Yemen produced less than 300,000 barrels a day of crude oil.