Yemen LNG to Honor Deals With GDF, Total, Korea Gas
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Yemen LNG Co. will honor its liquefied natural gas contracts with buyers including Total SA, GDF Suez SA and Korea Gas Corp., an official said, after the Middle Eastern state proposed to review them.
“They are long-term contracts which are binding and will continue to be respected,” François Rafin, managing director of Yemen LNG, said by telephone from Paris today. “The three contracts are priced at market prices.” He declined to give details on the prices, citing confidentiality agreements.