In 1997, Hunt signed agreements with the government of Yemen and partner companies to develop the Yemen liquefied natural gas project. Natural gas reserves from Marib Block 18 and other fields located in the vicinity have been dedicated to the project, which will require approximately 1 billion cubic feet of gas per day to produce 6.7 million tonnes of LNG per annum. The existing gas production facilities in Marib Block 18 currently have a capacity of 3.2 billion cubic feet per day. 

Hunt holds a 17.22 percent interest in Yemen LNG Company (YLNG), the company developing the project. YLNG is currently constructing a two-train natural gas liquefaction plant with a guaranteed capacity of 6.7 million tonnes per annum, plus associated pipelines, storage and port facilities.

In August 2005, the board of directors launched the project and YLNG signed three 20-year take-or-pay sale and purchase contracts with KOGAS, TGP and Suez, committing 100 percent of the guaranteed plant capacity. The LNG will be shipped to markets in the U.S. and Korea.

In September 2005, YLNG signed the plant and pipeline engineering, procurement and construction (EPC) contracts. The main pipeline currently under construction is a 325- kilometer line running from the Marib Block 18 field to the plant located at Bal Haf. Construction of the plant started in 2005 and YLNG expects that Train 1 will be ready for start-up in December 2008.

In 2007, three infill production wells at Dhahab field and two at Halewah field are approved for drilling. Currently, reservoir simulation studies are being completed on Halewah and Dhahab fields to evaluate additional drilling and compression requirements. Plans are also being finalized to complete the Al-Nasr field reservoir simulation study to evaluate additional drilling and facility requirements.

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