Yemen LNG commences production from 2nd train
The Source: sana'a/hadhramaut.info/sabanews.net - 02/04/2010
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Yemen LNG Company announced that it started producing Liquefied Natural Gas (LNG) from its 2nd Train on 1st April 2010, one month ahead of schedule.
According to the company press release, with the completion of Train 2 at the LNG terminal of Balhaf, on the Gulf of Aden, the production of Yemen LNG Company will soon reach the design capacity of 6.7 million tons of LNG per year.“The project is a true success story for Yemen and highlights its capacity to develop world class industrial projects with international financing”, declared Minister of Oil and Minerals Ameer Salem Al-Aidaroos. “The Yemen LNG project is a subject of pride for the Yemen and its people”, Al-Aidaroos added.Since the initial production on 15th October 2009, the Train1 production has been exceptionally reliable and Yemen LNG has delivered LNG to Total Gas and Power, GDF Suez and KOGAS under 20-year Sales and Purchase Agreements. Deliveries were made to Korea, USA, China, Mexico and Spain.“The Yemeni staff and Yemeni contractors played a major role in this success” Yemen LNG General Manager Francois Rafin highlighted. “The reliable production of Train 1, the significant commercial successes on LNG markets, the start of Train 2 ahead of schedule tell that the teams of Yemen LNG and TOTAL master the LNG chain from the well to the delivery port”, he added.The Yemen LNG project is the largest and most important investment ever made in Yemen with an investment of around US$ 4.5 billion. The gas supplied from Block 18, in the Marib region of central Yemen, is treated in cryogenic units for LPG extraction and transported through a 320 kilometer pipeline to the LNG Plant at Balhaf on the southern coast of the country, where it is liquefied. The LNG is shipped by a dedicated fleet of LNG carriers to worldwide destinations.The Yemen LNG Company shareholders are TOTAL, Project Leader, (39.62%), Yemen Gas Company (16.73%), Hunt Oil Company (17.22%), SK Energy Co., Ltd. (9.55%), Korea Gas Corporation – KOGAS (6.00%), the General Authority for Social Security and Pensions of Yemen (5.00%) and Hyundai Corporation (5.88%).
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