Yemen Energy Profile: Sector In A State Of Flux - Analysis Eurasia Review

Yemen Energy Profile: Sector In A State Of Flux - Analysis Eurasia Review:

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Yemen’s energy sector is in a state of flux. Declining oil production and frequent attacks on Yemen’s energy infrastructure have offset positive developments in the country’s natural gas sector since 2009. Yemen’s difficult security environment complicates the exploration, production, and transport of energy resources in the country, and could undermine the country’s emerging liquefied natural gas (LNG) export sector.

Yemen is not a major energy producer compared with other countries in the Middle East. Yemen’s crude oil production has never ranked in the top-30 globally, and the country used all of its natural gas production to aid in oil recovery until 2009. Nevertheless, the country’s location at the Bab el-Mandab, a key chokepoint in international shipping, makes it important in terms of international energy trade. More than 3.4 million barrels of oil per day (bbl/d) pass through Bab el-Mandab, and closure of the two-mile strait would force tankers to sail around the southern tip of Africa to reach European and North and South American markets."

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