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GAZPROM

February 26, 2009

On working meeting between Alexey Miller and Amir Salem Al-Aidarous

A working meeting between Alexey Miller, Chairman of Gazpromís Management Committee and Amir Salem Al-Aidarous, Oil and Minerals Minister of the Republic of Yemen has taken place today at Gazpromís headquarters.

The parties addressed the outlook for cooperation between Gazprom and Yemen in the energy sector. In particular, a focus was placed on Gazpromís potential involvement in projects for oil and gas production in Yemen, hydrocarbons processing and the Yemeni gas industry development including gas transmission and distribution network construction.

 

Background:

Yemenís proven gas reserves amount to 480 billion cubic meters, of which around 300 billion cubic meters is clustered in the vicinity of the Marib oil fields. Practically the entire amount of gas produced domestically (around 20 billion cubic meters a year) is injected in oil reservoirs for enhanced recovery purposes.

The bulk of domestically produced gas is planned to be converted in the future into LNG as part of the Yemen LNG project providing for the construction of an LNG plant with a capacity of 6.7 million tons a year.

 

 

 

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