LNG project to start production soon
The Source: .sabanews.net/hadhramaut.info - 07/04/2009
Home \
Business News
Ministry of Oil and Mineral denied Tuesday that
the global financial crisis has effected Yemen Liquefied Natural Gas (LNG) project, with a total cost of around $4 billion.Speaking to the independent newsyemen.net, undersecretary of the Ministry Abdul-Malek Alamah said that the LNG project would start production in the third quarter of 2009.The Yemeni official noted that the project is the largest industrial investment in Yemen, affirmed that the plant would have capacity to produce 6.7 million tonnes per year of LNG.French energy giant Total is the main shareholder in Yemen LNG with 39.6 percent, while U.S. Hunt Oil holds 17.2 percen
|