Yemen LNG Said to Plan Maintenance on Liquefaction Plant in June

Yemen LNG plans to shut one of its two liquefaction plants in June for maintenance, two people with direct knowledge of the work said.

The halt will last for less than a month, said the people, who asked not to be identified because the information is private. A Yemen LNG official in Sana’a asked not to be identified when reached yesterday by phone, citing policy.

LNG prices in Asia, the world’s biggest consuming region, rose to a record $19.70 per million British thermal units this month amid limited new supplies and as demand typically peaks in December through March. Yemen LNG supplies its biggest shareholder Total SA (FP) with fuel, as well as Korea Gas Corp. (036460) and GDF Suez (GSZ) SA, according to its website.

Yemen LNG’s two plants, also known as trains, have a combined capacity of 6.7 million metric tons a year of the fuel, according to the company website. That’s equivalent of Austria’s annual demand for the fuel. The company shut its number 2 train last May for less than a month of repairs.

To contact the reporters on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net; Mohammed Hatem in Dubai at mhatem1@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.