FINANCIAL NEWS

Yemen LNG blast may lose 4 cargoes: Total

31 Mar 2012

(MENAFN) French energy giant Total, the operator of the Yemen LNG terminal, said it expects its feed pipeline blowup to lower LNG exports by about four cargoes, as the terminal will be shut down for maintenance, Reuters reported.

Gunmen blew up the 38 inch gas pipeline that links Yemen’s block 18 to the liquefied natural gas (LNG) terminal at Balhaf on the Gulf of Aden in retaliation for a US drone attack that killed at least five suspected al Qaeda militants hours earlier.

The USD4.5 billion plant, was also forced to close in October 2011 after its feed line was blown up by suspected Al Qaeda militants.

However, Total managed to repair the pipeline and the reschedule the annual maintenance at the terminal to coincide with the repairs, allowing all Yemen’s 106 LNG cargoes to be delivered agreed to sell last year.

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