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Big Oil Earnings To Explode In 2017

Big Oil Earnings To Explode In 2017

The energy sector has been…

Yemen's LNG Pipeline Suffers Yet Another Attack

The LNG industry in Yemen is not being given a break, after yet another explosion at one of its pipelines causing production to drop.

The country’s pipelines have been constantly attacked since anti-government protests created a power vacuum last year. Armed groups have now moved into the area to exploit the lack of opposition, and have caused fuel shortages and slashed export earnings.

The operator of the pipeline, which supplies natural gas to the $4.5 billion LNG plant, released a statement saying that “Yemen LNG confirms the sabotage of the 38-inch gas pipeline that links the block 18 to the Balhaf terminal on the Gulf of Aden.”

The pipe carries gas from the fields in the centre of the country, out to the export facility on the coast. The attack occurred about 35 km north of the Balhaf Liquefaction Plant, and is suspected to be the work of al Qaeda gunmen.

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The same pipeline was attacked in late April, in late May, in June, in late August, and now the latest on Tuesday.

By. Joao Peixe of Oilprice.com



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