What does YLNG mean in ASIAN
YLNG is a joint venture between Yemen Gas Company (YGC) and TotalEnergies. It was established in 1995 to liquefy and export natural gas from Yemen.
YLNG meaning in Asian in International
YLNG mostly used in an acronym Asian in Category International that means Yemen Liquefied Natural Gas
Shorthand: YLNG,
Full Form: Yemen Liquefied Natural Gas
For more information of "Yemen Liquefied Natural Gas", see the section below.
» International » Asian
- YLNG stands for Yemen Liquefied Natural Gas. It is a liquefied natural gas (LNG) project in Yemen. The project is located in the Balhaf area of Shabwa Governorate, approximately 350 kilometers east of Aden.
Project Overview
- The YLNG project involves the construction of a LNG plant, a gas pipeline, and a marine terminal. The LNG plant will have a capacity of 6.7 million tons per annum (MTPA). The gas pipeline will be approximately 320 kilometers long and will transport gas from the Marib gas fields to the LNG plant. The marine terminal will be located in Balhaf and will have the capacity to handle LNG tankers.
Key Participants
- The YLNG project is a joint venture between TotalEnergies (39.62%), Yemen LNG Company (30%), Hunt Oil Company (21.43%), SK Innovation (7.47%), and Hyundai Heavy Industries (1.48%).
Benefits of the Project
- The YLNG project will provide Yemen with a new source of revenue and will help to develop the country's economy. The project will also create jobs and will help to improve the country's infrastructure.
Essential Questions and Answers on Yemen Liquefied Natural Gas in "INTERNATIONAL»ASIAN"
What is Yemen Liquefied Natural Gas (YLNG)?
Where is the YLNG facility located?
The YLNG facility is located in Balhaf, Shabwah Governorate, Yemen.
What is the capacity of the YLNG facility?
The YLNG facility has a production capacity of 6.7 million tons of liquefied natural gas (LNG) per year.
Where does YLNG export its LNG?
YLNG exports its LNG primarily to Asia and Europe.
What are the main markets for YLNG's LNG?
The main markets for YLNG's LNG include South Korea, Thailand, India, and Spain.
What is the significance of YLNG to Yemen's economy?
YLNG is a major contributor to Yemen's economy, generating significant revenue and foreign exchange earnings.
What are the challenges facing YLNG?
YLNG has faced challenges such as political instability, security concerns, and production disruptions.
What is the future outlook for YLNG?
The future outlook for YLNG is uncertain due to the ongoing conflict in Yemen. However, the company remains committed to its operations and is exploring opportunities for expansion in the future.
Final Words:
- The YLNG project is a major infrastructure project that will have a significant impact on Yemen. The project will provide the country with a new source of revenue, will help to develop the country's economy, and will create jobs.