Marine Link
Monday, May 29, 2017

Yemen Lifts Force Majeure on LNG Deliveries

January 30, 2015

Yemen on Friday lifted force majeure on liquefied natural gas (LNG) deliveries from its Balhaf plant, trading sources with knowledge of the matter said.

Reuters reported last week that the 6.7-million-tonne-per-year gas export terminal, operated by France's Total, had declared force majeure due to deteriorating security following the collapse of the government.

Force majeure is a clause in contracts that allows buyers or sellers to renege on commitments due to events beyond their control.

 

Reporting by Oleg Vukmanovic

Maritime Reporter Magazine Cover May 2017 - The Marine Propulsion Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News