Increased Yemen attacks menace gas exports
Global impact of LNG export stoppage seen limited A surge in attacks on Yemen's oil and gas infrastructure by tribesmen or al Qaeda militants threatens further disruptions or a complete cut in exports.With oil exports at a trickle, the Oct. 15 blast on the vulnerable pipeline feeding Yemen's 6.7 million tonne per year (mtpa) liquefied natural gas (LNG) export terminal is the more significant development for energy markets."Further attacks on energy assets in Yemen are likely in the next year, even if these only target pipelines rather than larger complexes," said Anna Boyd at consultancy Exclusive Analysis.A source close to the matter said production at Yemen LNG, which is led by French oil company Total , is due to resume at the end of the month after the pipeline was blown up, forcing its operators to declare force majeure."The plant is expected to resume production around October 30," the source told Reuters.Total's press office in Paris could not immediately be reached for comment on the restart date or the force majeure -- a clause provided in contracts that allows buyers or sellers to renege on commitments due to events beyond their control.The attacks on oil and gas pipelines over the ...
Read moreDetails