Accessibility to LNG Markets
Strategically located at the crossroads of international maritime routes, Yemen LNG enjoys access to markets in the Far East, the Middle East, Europe and the Americas. Yemen LNG specifications are compatible with almost all LNG markets worldwide and plant output requirements for the movement of around 100 LNG carriers per year.
The LNG’s specification at the plant’s output has been defined to be compatible with almost all LNG markets worldwide.
Convenient location to almost all LNG markets
Yemen LNG Sales Strategy
Yemen LNG sales’ strategy is to first deliver quality and quantity, and divert cargoes to maximize value.
In August 2005, Yemen LNG signed long-term Sales & Purchase Agreements with three major buyers for sale of LNG during a period of 20 years. These buyers are: Korea Gas Corporation (KOGAS), GDF-Suez, and Total Gas & Power Ltd, and are amongst the top five largest LNG importers in the world.
Signing ceremony with Kogas in 2005
Yemen LNG has chartered 4 vessels, for a period of 20 years, to deliver LNG to its customers and fulfill its contractual obligations towards Total Gas & Power.
Two of the ships were contracted with MISC Berhad of Malaysia and were built in Nagasaki, Japan, by Mitsubishi Heavy Indistries, while the other two ships have been contracted with AP Moller-Maersk and were built in the Samsung shipyards in Geoje in South Korea.
The MISC vessels have been named Seri Balhaf and Seri Balquis, while the Maersk ships have been named Maersk Marib and Maersk Arwa. Seri means splendor in Malaysian while the remaining portion of the names honour Yemen's two most famous queens as well as the two project sites.
In partnership with Yemen LNG, both MISC Berhad and AP Moller-Maersk shipping companies are implementing a Marine Trainee scheme under which Yemeni nationals are engaged in three to four-year training programmes at Marine colleges in Malaysia and India.
Trainees who complete the course successfully are recruited by MISC Berhad and AP Moeller-Maersk as certified officers on the four LNG tankers thus creating additional job opportunities for Yemeni citizens.