VOL. XL

No. 14

7-April-1997

YEMEN

Yemen Completes Formalities For LNG Joint Venture Agreement

Following the approval of the Yemen parliament on 11 March andthe ratification by the Yemeni President of the amendment to the Gas Development Agreementsigned in September 1995 between Yemen and France's Total which allows the incorporationof new partners in the $3bn, 5.3mn ton/year Yemen Liquefied Natural Gas (YLNG) venture(MEES, 27 January and 24 March), the government signed on 26 March the...