Attackers blow up gas and oil pipelines in Yemen

Attackers blow up gas and oil pipelines in Yemen's south, halting pumping

RELATED QUOTES

SymbolPriceChange
FP.PA39.470.12
TOT.BA143.200.00
TOT50.9850.15

SANAA, Yemen (AP) -- An explosion struck a gas pipeline Tuesday in southern Yemen, temporarily halting the flow of gas although exports were not affected, a government official said.

An oil ministry official said the Liquefied Natural Gas Co. pipeline was sabotaged but did not specify by whom. He said repair work was under way.

The official spoke on condition of anonymity because he was not authorized to speak to reporters.

The bombing in Yemen's Shabwa province comes on the heels of a late Monday attack on an oil pipeline nearby, which security officials said halted the flow of 8,000 barrels pumped there.

Government oil officials estimate the repeated pipeline attacks have cost the country $2.5 billion, and previously have blamed al-Qaida for the damage.

A statement by the gas company said nobody was hurt in Tuesday's explosion. Yemen LNG Co. was created in 1995 — the country's first natural gas liquefaction consortium. Its major shareholders include French oil company Total SA and Dallas-based Hunt Oil Co. It also is backed with Asian, U.S. and Yemeni government funding.

LNG provides a tiny percentage of the abundant natural gas supplies in the U.S.

  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Trading Center

    Yahoo! Finance on Facebook

    POLL

    In the wake of the Washington state bridge collapse, would you support a tax hike for infrastructure projects?

    Loading...
    Poll Choice Options