Yemen LNG Company was incorporated in 1995 to develop the LNG plant. In 1997, the development was halted because of the Asian economic crisis.[1][2] The project was launched only in August 2005 after signing three LNG supply contracts.[3] On 29 October 2007, Yemen LNG and Yemen state-owned oil and gas company Safer Exploration and Production agreed a 20-year contract, according to which Safer grants the LNG plant with supply up to 12.5 billion cubic meter (bcm) of gas per year from the Block 18 of the Marib-Jawf field.[4] The production started on 15 October 2009.[5][6]
Technical descriptionedit
The project comprises upstream gas processing facilities including a transfer line linking processing units, a spur-line for transporting gas to the Ma'bar area and a 320 kilometres (200 mi), 38 inches (970 mm) pipeline connecting the gas processing facilities to the LNG plant. The plant consists of two LNG trains with the total capacity of 6.7 million tonnes per year.[5] The contractors for the construction of LNG trains were Technip, JGC, and Kellogg Brown & Root.[7] The project is one of the country's first big project financing with total cost of US$4 billion, involving US$3 billion in debt being raised from a syndicate of banks.[8][9]Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citigroup, ING Group, Royal Bank of Scotland, Société Générale, and Sumitomo Mitsui Banking Corporation are the initial mandated lead arrangers and bookrunners on a loan.[10]
Project companyedit
The consortium is led by Total S.A. (39.62%) in cooperation with Hunt Oil Company (17.22%), Yemen Gas Company (YGC; 16.73%), SK Corp. (9.55%), Kogas (6.00%), Hyundai Corporation (5.88%), and the General Authority for Social Security & Pensions of Yemen (5.00%).[5][6] On 30 June 2010, Russia's government announced that Russian gas company Gazprom may buy Hunt Oil's stake, possibly together with Saudi Arabia.[11]
LNG exportsedit
Yemen LNG has SPAs ('Sale and Purchase Agreement') to supply:
Early November 2017, Total S.A. and Engie announced an agreement whereby Total S.A. would buy all Engie's LNG production in the world; it is assumed that this agreement covers Engie's prior SPA with Yemen LNG.
Due to the civil war raging in Yemen (Yemeni Civil War (2015–present)), the Yemen LNG partners stopped gas production, liquefaction and export in April 2015. Until today, April 2021, the production and exports had not yet resumed. The latest attack on a pipeline was in June 2019.
Referencesedit
^ "MOU Signed Between Yemen LNG and BG for Pipavav Project" (Press release). BG Group. 1998-05-05. Retrieved 2008-02-15.
^ Willems, Peter (2004-09-27). "Yemen LNG is optimistic about the future". Yemen Times. Retrieved 2008-02-15.
^ "Yemen LNG Development Launched". Rigzone. 2005-08-29. Retrieved 2008-02-15.
^ "Yemen Safer to conclude LNG gas deal end Nov-exec". Reuters. 2007-10-29. Retrieved 2008-02-15.
^ ab True, Warren R. (2009-10-15). "Yemen LNG yields first production into glutted market". Oil & Gas Journal. Vol. 107. PennWell Corporation. Retrieved 2009-10-17.
yemen, also, called, ylng, first, natural, liquefaction, project, yemen, plant, located, balhaf, logonative, nameالشركة, اليمنية, للغاز, الطبيعي, المسالindustrylngfounded1995headquartersbalhaf, hadhramout, yemenwebsiteylng, official, website, contents, history. Yemen LNG also called YLNG is the first natural gas liquefaction LNG project in Yemen The LNG plant is located in Balhaf Yemen LNGYemen LNG logoNative nameالشركة اليمنية للغاز الطبيعي المسالIndustryLNGFounded1995HeadquartersBalhaf Hadhramout YemenWebsiteYLNG s official website Contents 1 History 2 Technical description 3 Project company 4 LNG exports 5 References 6 External linksHistory editYemen LNG Company was incorporated in 1995 to develop the LNG plant In 1997 the development was halted because of the Asian economic crisis 1 2 The project was launched only in August 2005 after signing three LNG supply contracts 3 On 29 October 2007 Yemen LNG and Yemen state owned oil and gas company Safer Exploration and Production agreed a 20 year contract according to which Safer grants the LNG plant with supply up to 12 5 billion cubic meter bcm of gas per year from the Block 18 of the Marib Jawf field 4 The production started on 15 October 2009 5 6 Technical description editThe project comprises upstream gas processing facilities including a transfer line linking processing units a spur line for transporting gas to the Ma bar area and a 320 kilometres 200 mi 38 inches 970 mm pipeline connecting the gas processing facilities to the LNG plant The plant consists of two LNG trains with the total capacity of 6 7 million tonnes per year 5 The contractors for the construction of LNG trains were Technip JGC and Kellogg Brown amp Root 7 The project is one of the country s first big project financing with total cost of US 4 billion involving US 3 billion in debt being raised from a syndicate of banks 8 9 Bank of Tokyo Mitsubishi UFJ BNP Paribas Citigroup ING Group Royal Bank of Scotland Societe Generale and Sumitomo Mitsui Banking Corporation are the initial mandated lead arrangers and bookrunners on a loan 10 Project company editThe consortium is led by Total S A 39 62 in cooperation with Hunt Oil Company 17 22 Yemen Gas Company YGC 16 73 SK Corp 9 55 Kogas 6 00 Hyundai Corporation 5 88 and the General Authority for Social Security amp Pensions of Yemen 5 00 5 6 On 30 June 2010 Russia s government announced that Russian gas company Gazprom may buy Hunt Oil s stake possibly together with Saudi Arabia 11 LNG exports editYemen LNG has SPAs Sale and Purchase Agreement to supply Engie formerly Suez 2 5 mtpa Total S A 2 0 mtpa Kogas 2 0 mtpa All SPAs last from 2009 2029 Early November 2017 Total S A and Engie announced an agreement whereby Total S A would buy all Engie s LNG production in the world it is assumed that this agreement covers Engie s prior SPA with Yemen LNG Due to the civil war raging in Yemen Yemeni Civil War 2015 present the Yemen LNG partners stopped gas production liquefaction and export in April 2015 Until today April 2021 the production and exports had not yet resumed The latest attack on a pipeline was in June 2019 References edit MOU Signed Between Yemen LNG and BG for Pipavav Project Press release BG Group 1998 05 05 Retrieved 2008 02 15 Willems Peter 2004 09 27 Yemen LNG is optimistic about the future Yemen Times Retrieved 2008 02 15 Yemen LNG Development Launched Rigzone 2005 08 29 Retrieved 2008 02 15 Yemen Safer to conclude LNG gas deal end Nov exec Reuters 2007 10 29 Retrieved 2008 02 15 a b c Boselli Muriel 2009 10 15 Five facts about Yemen LNG Reuters Retrieved 2009 10 17 a b True Warren R 2009 10 15 Yemen LNG yields first production into glutted market Oil amp Gas Journal Vol 107 PennWell Corporation Retrieved 2009 10 17 Shirkhani Nassir 2006 12 04 Yemen LNG on starting blocks Upstream Online NHST Media Group Retrieved 2007 08 05 Mangham Christopher 2008 02 13 RLPC Yemen LNG selecting banks for project loan bankers Reuters Retrieved 2008 02 15 Yemen LNG players line up lenders Upstream Online NHST Media Group 2008 03 07 Retrieved 2008 03 07 Watkins Eric 2008 03 10 Total led Yemen LNG arranges LNG project financing Oil amp Gas Journal Vol 106 PennWell Corporation Retrieved 2008 03 11 Bryanski Gleb 2010 06 30 Russia s Gazprom eyes Hunt stake in Yemen LNG project Reuters Retrieved 2010 06 30 13 59 07 N 48 10 49 E 13 9854 N 48 1802 E 13 9854 48 1802External links edit nbsp Energy portal Corporate website Retrieved from https en wikipedia org w index php title Yemen LNG amp oldid 1181176000, wikipedia, wiki, book, books, library,
