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Yemen LNG expects to start shipments this summer

Article-Yemen LNG expects to start shipments this summer

Yemen LNG expects to start shipments this summer

Dubai: Yemen LNG expects to make the first shipment from its new gas liquefaction plant in July or August, the company's chief executive told Reuters on Thursday.
Joel Fort, CEO and general manager, said the project will come on line four months late for a little over $4 billion, 15 percent above planned cost, which he said was a success.
Start-up of the first train will be fully underway by the end of June in preparation for first cargo, he said.
A second train will come on line about five months after the first, bringing the plant to full capacity of 6.7 million tonnes per year, Fort said.
Yemen's first LNG has been sold under take-or-pay contracts to TOTAL SA, GDF Suez and Korea Gas Corp, but it is coming into a weak market.
Construction on the plant started in October 2005. It is the largest industrial project in impoverished Yemen, which has 9 trillion cubic feet (Tcf) of gas reserves. [08/05/09]

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