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Yemeni Government Approves Modifying LNG Price for Kogas  Join our daily free Newsletter

MENAFN - Qatar News Agency - 30/01/2014

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(MENAFN - Qatar News Agency) The Yemeni cabinet has approved raising the prices of liquid natural gas (LNG) sold to Korea Gas Corporation (Kogas) after months of negotiations.

The raising will be from 3.15 to 14 per million Btu, with increase of 400% when comparing with the previous prices, said a press statement the cabinet issued here on Thursday

The cabinet commended efforts of the ministerial committee which was tasked to follow up the modification of LNG price, directing the committee to continue its negotiations with Total and GDF-Suez to alter the sale prices in accordance with global market prices

It also approved the representation of women with a rate of 30% in public positions and ensuring their participation in decision-making at differ political, economic and social areas

During the meeting held here last night, the cabinet praised outcomes of the National Dialogue Conference (NDC), affirming that they will lay foundations to a new Yemen and guarantee equal citizenship, justice, freedoms and rule of law.

 






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