Middle East Economic Survey

VOL. XLVIII

No 28

11-July-2005

Yemen

Parliament Approves Yemen LNG Project Despite Objections On Gas Price, Reserves Status

Yemens parliament gave majority approval to the Yemen LNG project on 6 July, despite reservations expressed in recent weeks in a committee report (MEES, 4 July), according to a Yemen Observer report of 6 July. MPs approved a deal under which the project sponsors will sell LNG to Korea Gas Corporation (Kogas), Total and Tractebel with prices...