The Yemen LNG project a $4.5bn investment. A 320km 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.
Since the start-up of the first train on October 15, 2009, 18 cargos have already been delivered to South Korea, the US, China, Spain and Mexico.
Total is the main shareholder in Yemen LNG, with an interest of 39.62%, alongside state-owned Yemen Gas Company (16.73%), Hunt Oil Company (17.22%), SK Energy (9.55%), Korea Gas (6%), Hyundai (5.88%) and Yemen’s General Authority for Social Security and Pensions (GASSP, 5%).
The start up of Yemen LNG and Qatargas 2 Train 5 will increase Total’s LNG production by around 40% in 2010. Angola LNG, which is currently under construction, will complement this portfolio in 2012.
