Middle East Economic Survey


No 8


FID For Yemen LNG In Mid-2005, With Three Sales HOAs Agreed

A final investment decision (FID) for the long-delayed Yemen LNG (YLNG) project will be taken in mid-2005. The announcement was made by Total, the main investor in YLNG, on 16 February when it gave details of three heads of agreement (HOAs) that have been signed for the sale of LNG.

As expected, YLNG was named by Korea Gas Corporation (Kogas) as one of the preferred sellers,...