Yemen begins LNG exportation
Newly built LNG plant sends off first shipment
Yemen has begun exporting liquefied natural gas (LNG), after its newly built LNG plant sent off its first shipment.
The first shipment of LNG was sent to South Korea, with a further six shipments expected by the end of the year, reported AFP.
The project is the country’s largest ever investment, worth US$ 4.5 billion and involving a 320km gas pipeline from Maarib in eastern Yemen.
The plant has Total as the main shareholder with a 39.6% stake and is aiming to reach a total production capacity of 6.7 million tonnes of LNG a year.
Yemen is one of the poorest countries in the world and is a small oil producer. Last year it produced less than 300,000 barrels per day of crude oil and production is decreasing by 5-6% a year.