Middle East Economic Survey

VOL. XLVIII

No 34

22-August-2005

YEMEN

Yemen Approves YLNG Supply Deals, Kogas Equity Stake

The Yemeni cabinet on 16 August approved agreements by Yemen LNG (YLNG) to supply 6.5mn tons/year of LNG to the Korea Gas Corporation (Kogas), Tractebel, and Total Gas and Power. Heads of agreement (HOAs) between YLNG and the three companies were signed earlier this year (MEES, 21 February), and Kogas later exercised its option to raise its off-take volume to 2mn t/y (MEES, 30...