VOL. XLV

No 25

24-June-2002

YEMEN

YLNG Given Up To Four YearExtension

TheYemeni Government, after a meeting with shareholders of the Yemen LiquefiedNatural Gas Company (YLNG) on 18 June, has agreed to grant the 5.3bn tons/yearLNG venture an extension of three years, with the option of a fourth. There hadearlier been suggestions that the proposed LNG project might be suspended orscrapped because of the consortiums failure to secure a customer for the gas (MEES, 27 May). The shareholders are...