For Free Headlines Submit Your Email
Friday, February 10, 2012 15:47 GMT
Shell India has imported a 160,000 cubic meter spot cargo from Yemen LNG, an official with the Gujarat state government has said. The cargo was loaded on to the LNG tanker Maersk Marib at Balhaf, east Yemen. The cargo was the second Shell imported from Yemen LNG in the last three months, after bringing a cargo in late April through its Hazira terminal.The terminal is jointly owned by UK-Dutch major Shell and France's Total, and operated by Shell India. Total is also a shareholder in the Yemen LNG project. Oil and gas production started in Yemen in 1986 with production levels remaining within the region of 320,000 bpd in 2008. The country is likely to continue to rely on its natural resources to provide for its population of over 22 million inhabitants. As the country’s largest-ever industrial investment (budgeted around US$ 4.5 billion), the Yemen LNG project was launched in August 2005. - Saba News