 Yemen LNG logo | |
Native name | الشركة اليمنية للغاز الطبيعي المسال |
|---|---|
| Industry | LNG |
| Founded | 1995 |
| Headquarters | Balhaf, , |
| Website | YLNG's official website |
Yemen LNG (also called YLNG) is the first natural gas liquefaction (LNG) project in Yemen. The LNG plant is located in Balhaf.
Yemen LNG Company was incorporated in 1995 to develop the LNG plant. In 1997, the development was halted because of the Asian economic crisis. [1] [2] The project was launched only in August 2005 after signing three LNG supply contracts. [3] On 29 October 2007, Yemen LNG and Yemen state-owned oil and gas company Safer Exploration and Production agreed a 20-year contract, according to which Safer grants the LNG plant with supply up to 12.5 billion cubic meter (bcm) of gas per year from the Block 18 of the Marib-Jawf field. [4] The production started on 15 October 2009. [5] [6]
The project comprises upstream gas processing facilities including a transfer line linking processing units, a spur-line for transporting gas to the Ma'bar area and a 320 kilometres (200 mi), 38 inches (970 mm) pipeline connecting the gas processing facilities to the LNG plant. The plant consists of two LNG trains with the total capacity of 6.7 million tonnes per year. [5] The contractors for the construction of LNG trains were Technip, JGC, and Kellogg Brown & Root. [7] The project is one of the country's first big project financing with total cost of US$4 billion, involving US$3 billion in debt being raised from a syndicate of banks. [8] [9] Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citigroup, ING Group, Royal Bank of Scotland, Société Générale, and Sumitomo Mitsui Banking Corporation are the initial mandated lead arrangers and bookrunners on a loan. [10]
The consortium is led by Total S.A. (39.62%) in cooperation with Hunt Oil Company (17.22%), Yemen Gas Company (YGC; 16.73%), SK Corp. (9.55%), Kogas (6.00%), Hyundai Corporation (5.88%), and the General Authority for Social Security & Pensions of Yemen (5.00%). [5] [6] On 30 June 2010, Russia's government announced that Russian gas company Gazprom may buy Hunt Oil's stake, possibly together with Saudi Arabia. [11]
Yemen LNG has SPAs ('Sale and Purchase Agreement') to supply:
All SPAs last from 2009–2029.
Early November 2017, Total S.A. and Engie announced an agreement whereby Total S.A. would buy all Engie's LNG production in the world; it is assumed that this agreement covers Engie's prior SPA with Yemen LNG.
Due to the civil war raging in Yemen (Yemeni Civil War (2015–present)), the Yemen LNG partners stopped gas production, liquefaction and export in April 2015. Until today, April 2021, the production and exports had not yet resumed. The latest attack on a pipeline was in June 2019.
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state at standard conditions for temperature and pressure.
The Shtokman field, one of the world's largest natural gas fields, lies in the northwestern part of the South Barents Basin in the Russian sector of the Barents Sea, 600 kilometres (370 mi) north of Kola Peninsula. Its reserves are estimated at 3.8 trillion cubic metres of natural gas and more than 37 million tons of gas condensate.
Polskie Górnictwo Naftowe i Gazownictwo S.A., abbreviated to PGNiG, was a Polish state-controlled oil and gas company, headquartered in Warsaw, Poland. The company has branches and representative offices in Russia, Pakistan, Belarus and Ukraine and holds equity interests in some 30 subsidiaries, including providers of specialist geophysical, drilling and well services.
Novatek is Russia's second-largest natural gas producer, and the seventh-largest publicly traded company globally by natural gas production volume. The company was originally known as OAO FIK Novafininvest. Novatek is based in the Yamalo-Nenets Autonomous Region in West Siberia, and maintains a head office in Moscow. In the 2020 Forbes Global 2000, Novatek was ranked as the 316th-largest public company in the world.
The national holding company Uzbekneftegaz is a state-owned holding company of Uzbekistan's oil and gas industry.
Persian LNG is the LNG project in Iran. It has been defined based on the reserves of the South Pars gas field. The project is developed by the National Iranian Gas Export Company.
The Atlantic LNG Company of Trinidad and Tobago is a liquefied natural gas (LNG) producing company operating a liquefied natural gas plant in Point Fortin, Trinidad and Tobago. Atlantic LNG operates four liquefaction units (trains). Train 4, with a 5.2 million tonnes per year production capacity, is among the world's largest LNG trains in operation.
Angola LNG is a liquid natural gas (LNG) facility in Soyo, Angola.
RasGas Company Limited was a liquefied natural gas (LNG) producing company in Qatar. It was the second-biggest LNG producer in Qatar after QatarEnergy LNG. RasGas operated seven LNG trains located in Ras Laffan Industrial City. It was merged with Qatargas on 1 January 2018.
Liquid Niugini LNG is a natural gas liquefaction project in Papua New Guinea. It is developed by Liquid Niugini Gas Ltd, and owned by PNG LNG Inc., a Bahamas-based parent holding company.
Oman LNG is a LNG plant in Qalhat near Sur, Oman. The company was established by the Royal decree of Sultan Qaboos of Oman in 1994. The construction was launched in November 1996, and the plant was commissioned in September 2000. Oman LNG operates three LNG trains with a total capacity of 10.4 million tonnes per year. The company's production facilities are located on the coast at Qalhat near Sur in the South Sharqiyah Governorate, Oman.
Baltic LNG is a liquefied natural gas plant under construction on the Gulf of Finland of the Baltic Sea in Ust-Luga, Leningrad Oblast, Russia. The plant's capacity would be 13 million tons of LNG per year. The planned launch date has changed many times, and according to the latest plans, the first line will start operating in 2024 and the second line in 2025. The cost of the project is estimated at 2.4 trillion rubles. On October 7, 2021, it was announced that the LNG plant might be expanded to three lines. The third line could be introduced by 2026, which would increase the plant's capacity to 20 million tons per year, reaching the capacity of Arctic LNG-2.
This page summarizes projects that propose to bring more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market, with the first production of fuel beginning in 2013. This is part of the Wikipedia summary of oil megaprojects.
The Gorgon gas project is a multi-decade natural gas project in Western Australia, involving the development of the Greater Gorgon gas fields, subsea gas-gathering infrastructure, and a liquefied natural gas (LNG) plant on Barrow Island. The project also includes a domestic gas component. Construction was completed in 2017.
Wheatstone LNG is a liquefied natural gas plant operating in the Ashburton North Strategic Industrial Area, which is located 12 kilometres (7.5 mi) west of Onslow, Western Australia. The project is operated by Chevron.
Iran LNG, also known as NIOC LNG, is a LNG plant under development at Tombak Port, approximately 50 kilometres (31 mi) north of Assaluyeh Port and 15 kilometres (9.3 mi) southeast of Kangan, Iran.
Nigeria LNG Limited (NLNG) is a liquefied natural gas (LNG)-producing company and a liquefied natural gas plant on Bonny Island, Nigeria.
The first plant, Sakhalin II, was completed in Russia in 2009 having utilised the skills of Shell plc, who under duress sold 50% of the project to Gazprom in 2006. Prior to 2017 Gazprom was the sole producer of Liquefied Natural Gas (LNG) in Russia.
