VOL. XL

No. 42

20-October-1997

YEMEN

HyundaiBuys 5% Equity Share In YLNG Venture

South Korea's Hyundai Corporation on 12 October acquired a 5% share in the YemenLiquefied Natural Gas Company (YLNG), following the signing of a memorandum ofunderstanding to this effect last July (MEES, 18 August). Hyundai bought its sharesfrom the state-owned Yemen Gas Company (YNG) in return for a contribution to the financingof the project. Accordingly, the new partnership and shareholdings in YLNG are as...