Nov 7, 2010
Yemen to divert 35 LNG cargoes to Asia in 2011
SANAA, November 7 (Reuters) - Yemen LNG, a liquefied natural gas venture led by French oil major Total (TOTF.PA: Quote), will divert 35 cargoes originally meant for U.S. markets to Asia next year because of higher prices there, an official said on Sunday.
Income from gas exports is an important revenue source for the impoverished country, a neighbour to top oil exporter Saudi Arabia but without its vast resources, as the Arabian Peninsula state struggles to make up for falling crude revenues.
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Source: REUTERS
Category:
Offshore and Energy
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