Sri Lanka LNG terminal

Industry sources have reported that Petronet and a Japanese company are to set up a joint venture to construct a $250 million LNG import terminal in Sri Lanka. An agreement was reportedly reached by the governments of India, Sri Lanka and Japan but the Japanese company that is set to be involved is yet to be chosen.

This is the first sign of movement in the project since Petronet reported their interest in setting up a 2 million tonne LNG import facility on the coast of Sri Lanka last year.

It is understood that the facility will be housed in Kerawalapitiya on western coast of the country.

It has also been reported that Sri Lanka plans to build a gas-fired power plant adjoining an existing power plant. The existing plant could then be converted to LNG once the terminal is set.

For more information visit www.petronetlng.com

19th June 2017