The Yemen LNG project, for which Total is the leader, calls for the construction of two liquefaction trains with a total capacity of 6.7 million tons of LNG per year. Located at the port of Balhaf on the southern coast of Yemen, the plant should enter into production by the end of 2008.
The feed gas for the plant will come from already developed fields situated in the Marib region, in central Yemen. It will be transported to the plant by a 320 kilometer pipeline.
Tenders for the construction of the plant, the pipeline as well as LNG tankers were launched early February by Yemen LNG.
The final investment decision is planned for mid-2005 following the tendering process.
"These agreements mark an important step in the development of the Yemen LNG project. The launch of this project will reinforce Total's position as one of the leaders in LNG, a sector in which the Group has a stake in six LNG plants and four regazification terminals under development worldwide," says Christophe de Margerie, President of Exploration and Production at Total.
The shareholders of the Yemen LNG Company are Yemen Gas Company (23.10%), Total (42.90%), Hunt Oil Company (18%) and two Korean companies, SK Corporation (10%) and Hyundai Corporation (6%).
Most Popular Articles
From the Career Center
Jobs that may interest you