Gazprom, Yemen Discuss Oil, Gas Cooperation

A working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Abd Rabbuh Mansur Hadi, President of Yemen took place Wednesday in Moscow.

The parties addressed the prospects for the Russian-Yemenite cooperation in the oil and gas sector.

Yemen’s proven gas reserves amount to 480 billion cubic meters, of which around 300 billion cubic meters is clustered in the vicinity of the Marib oil fields. A considerable part of gas produced domestically is injected in oil reservoirs for enhanced recovery purposes.

In 2009 the LNG plant was commissioned in Balhaf on the shore of the Gulf of Aden. The total installed capacity of the Yemen LNG plant equals to 6.7 million tons a year.

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LNG World News Staff, April 04, 2013