Yemen LNG (YLNG) isn't expecting marketing conditions to be favorable when it ships its first LNG late this summer. With some 70% of its capacity targeting well-supplied and low-priced North American markets, YLNG is already negotiating with its European buyers on the terms for diverting large portions of this supply to "niche" markets such as China and India, YLNG General Manager Joel Fort told WGI in a recent interview. "There are two depressed markets in Asia — Japan and South Korea. But there are opportunities in China and other countries. We don't want to be out of the game, so we are working on that," he added.
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