YEMEN

YEMEN (in Middle East)	CAPITAL: SANAA POPULATION: 22 mm AREA (on): 528,000 km² OIL PEAK: 2002
SUPPLY Yemen is a relatively new oil producer for the Middle East. Production was established in 1986 from the Marib desert in the former North Yemen and then in the eastern desert from the former South Yemen in 1991. Output rose to a peak in 2002 before declining steadily as the early larger fields deplete. Declines are expected to continue. No gas is yet marketed with all associated gas being used at the fields, flared or re-injected. However local demand is being created and an LNG plant is due onstream in 2009, so it is forecast that Yemeni gas production will and rise rapidly thereafter. Yemen has no offshore production and none is forecast. DEMAND Economic growth in Yemen has been relatively rapid and oil consumption has increased steadily since the country was created in 1990. It is likely to carry on expanding although growth is now being subdued as exports decline. After 2014 slow declining consumption is forecast. Gas consumption will begin in 2009. Gas will be used locally in electricity generation whilst exports also commence from the LNG plant built on the southern coast at Balhaf, from where LNG will be exported at first to India.


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