VOL. XL

No. 8

24-February-1997

YEMEN

Yemeni Cabinet Approves Amendment To LNG Agreement & Production Sharing Contracts

The Yemeni Council of Ministers approved on 19 February amendment No.1 to the Gas Development Agreement, signed in September 1995 between Yemen and France's Total, which allowed for the incorporation of new partners in the $3bn, 5.3mn tons/year Yemen Liquefied Natural Gas (YLNG) venture (MEES, 27 January). The new partners are: the US firm Hunt Oil, operator and holder of the...