| 18 Oct 2009 |
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Yemen LNG starts production of LNG from its Balhaf terminal
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Yemen LNGYemen LNG
started on 15 October 2009 producing Liquefied Natural Gas (LNG) from its liquefaction terminal in Balhaf, on the Gulf of Aden. Yemen LNGYemen LNG first cargo is scheduled in the few coming weeks, stated a press release issued by YLNGYLNG. Board Chairman, Mr. Amir Al-Aidarous. The Yemen LNGYemen LNG project is the largest and most important investment ever made in Yemen with an investment of around US$ 4.5 billion. It consists of supplying gas from Block 18, located in the Marib province in central Yemen, through a 320 kilometers dedicated pipeline to the LNG plant located at the port of Balhaf on the southern coast of the country.
The plant started production with the first train while the construction of the second train is being completed. The total production capacity will reach 6.7 million tonnes of LNG per year.
Launched in August 2005, the project 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%).
Yemen LNGYemen LNG has committed the guaranteed Plant capacity under three 20-year Sales and Purchase Agreements with three main buyers; Total Gas and Power and GDF Suez for the North American Market; and KOGAS of South Korea.
During plant construction, Yemen LNGYemen LNG
supported the local economy by sourcing several thousands jobs amongst the local population. This involved over 10,000 people in Balhaf, Shabwah governorate, and almost another 2,000 along the 320-km pipeline. Yemen LNGYemen LNG selected and trained the local technical and administrative teams in charge of managing Yemen LNGYemen LNG. Through a three year specific training program at both Sana'a and Balhaf, skills were being transferred to Yemeni employees. Yemen LNGYemen LNG aims to reach 90% of Yemenisation of its local manpower working in all fields of operation, and contributing significantly to the economic development of Yemen. This is in addition to the scholarships that Yemen LNGYemen LNG offers to Yemeni students.
By Zaid al-Alaya'a
© Yemen Observer 2009
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