Yemen ships natural gas exports to China
Not even to mention the fuel shortage in Yemen, the contracts with China explain a lot about China’s Security Council position regarding thwarting strong statements and actions against the Saleh regime. (The French Co Total owns 39% of YLNG and sold itself 1/3 of production. the contracts to South Korea are well under market price, as I wrote in 2005.) China of course makes no pretense to support democracy and works corrupt systems very well. Some of the original LNG contracts were renegotiated since the last time I checked them, and China is getting 11 cargos in 2011 and two other buyers have not been revealed. Nifty. In 2010, 10 were shipped to China. Production started in 2008 and have produced 100 shiploads by March 2010. China is Yemen’s main export partner, accounting for 23% of all exports. Chinese trade in January-November 2010 reached US$ 3,664,062,000, up 69.2 per cent year on year. Beyond buying oil, China ships weapons to Yemen. Now we know why the Chinese media is always shilling for Saleh.
China may receive a spot cargo of liquefied natural gas from Yemen today, according to ship- tracking data.
China National Offshore Oil Corp.’s Guangdong terminal may get the fuel from Balhaf, Yemen, on the Maersk Arwa on Aug. 10, according to ship transmissions captured today by AISLive on Bloomberg. It received a cargo on Aug. 8 on the LNG River Orashi, possibly from Bonny LNG in Nigeria, the data show.
ah, article from Feb, 24 2011 a nd more below the fold:
ICIS Yemen LNG expects to ship 57 cargoes to Asia in 2011 in a combination of spot, mid-term and long-term sales, Jean-Pierre Cave, commercial and shipping manager with the company, said during a presentation of LNG Summit in Seoul on Thursday. (Read on …)


