Armies of Liberation

Jane Novak's blog about Yemen

South Korea pays market price for Yemen LNG

Filed under: LNG, SK, govt budget — by Jane Novak at 1:46 pm on Saturday, February 18, 2012

In the first half of the story, South Korea was paying well under fair market price since 2005 despite opposition and activists strenuous objections.

Yemen LNG and Total Gas LIFT gas shipments redirected to Korea
[18 / February / 2012] Saba

Agreed Yemen LNG, Total Gas & Power to increase the number of shipments transferred by 20 shipments per year to Korea during the years 2012.2013 and 2014 m due to the continued low gas prices in the U.S. market.

Under the new agreement which was signed in Paris on the fourteenth of February, the ongoing presence of the Minister of Oil and Minerals Engineer Hisham Sharaf Abdullah, will be selling LNG to Kogas, according to the current price of the market. (Read on …)

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