BUSINESS INFORMATION - Yemen on Thursday started to produce liquefied natural gas (liquefied natural gas / LNG) at its factory in Balhaf, on the Gulf of Aden, Yemen LNG company announced.
Company, which is the main shareholder of Total France 39.6 percent, said it would start to export "in the next few weeks" from the terminal Balhaf.
Yemen Oil Minister Amir Salem al-Aydarus, in a statement, welcomed the launch as a result of "a strong partnership and successful between Yemeni government projects and international shareholders."
Project 4.5 billion U.S. dollars, involves 320-kilometer (200-mile) gas pipeline from eastern Maarib in Yemen, is the largest investment ever in the country.
From the Yemen LNG will be exported to South Korea, Europe, North America.
Yemen, a small oil producer, is one of the world's poorest countries.
Small oil exports compared to neighboring Saudi Arabia. Last year produced less than 300,000 barrels per day of crude oil, and production decreased five to six percent per year.
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