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Yemen LNG to honour deals with buyers

20 June 2010

Yemen LNG Co has announced it will honour its liquefied natural gas contracts with buyers including Total, GDF Suez and Korea Gas Corp, after the Yemeni president ordered a review of the LNG contracts, Bloomberg has reported. "They are long-term contracts which are binding and will continue to be respected," François Rafin, managing director of Yemen LNG, told the news service. "The three contracts are priced at market prices."

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