VOL. XL

No. 12

24-March-1997

YEMEN

Yemen Parliament Approves Amendment To LNG Agreement &Production Sharing Contract

The Yemen parliament approved on 11 March amendment No.1 to theGas 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 YemenLiquefied Natural Gas (YLNG) venture (MEES, 27 January). The new partners are: the US firmHunt Oil, operator and holder of the production...