Yemen : A Natural Gas Incentive Framework
Yemen is planning to export gas through Yemen Liquefied Natural Gas (YLNG) starting from 2009. Yemen is also aiming to develop the domestic gas market, in particular gas-to-power. Liquefied Natural Gas (LNG) export revenue and domestic gas sales ar...
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| Format: | Mining/Oil and Gas |
| Language: | English en_US |
| Published: |
Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/06/8607235/yemen-natural-gas-incentive-framework http://hdl.handle.net/10986/7616 |
| Summary: | Yemen is planning to export gas through
Yemen Liquefied Natural Gas (YLNG) starting from 2009. Yemen
is also aiming to develop the domestic gas market, in
particular gas-to-power. Liquefied Natural Gas (LNG) export
revenue and domestic gas sales are expected to partially
offset the decline in crude oil revenue from currently
producing fields. The development of a gas sector has the
potential to substantially contribute to Yemen's
economic growth and fiscal revenue generation. Because of
the high risk and considerable investment involved in
developing a gas sector, attracting foreign capital and
expertise will be essential. To this end, in addressing the
public interest and developing the preferred policies, Yemen
should ensure that decisions on project development and
technologies will be based on their economic merits, and gas
will be allowed to find its highest value market. |
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