Petronet LNG to build LNG im­port ter­mi­nal in Sri Lanka

Chemical Industry Digest - - News & Views -

Petronet

will build a liq­ue­fied nat­u­ral gas (LNG) im­port ter­mi­nal in Sri Lanka in col­lab­o­ra­tion with Ja­panese and Lankan com­pa­nies. The Sri Lankan govern­ment is­sued a let­ter of in­tent to the In­dian govern­ment in this re­gard re­cently, Petronet said in a state­ment.

“A joint ven­ture of Petronet LNG along with Ja­panese and Sri Lankan com­pa­nies will de­velop an LNG Ter­mi­nal in Sri Lanka to pro­vide re-gas­si­fied nat­u­ral gas to var­i­ous power plants, do­mes­tic and trans­port sec­tors in Sri Lanka,” Petronet said. The ca­pac­ity of the LNG ter­mi­nal will be de­cided upon the gas de­mand in Sri Lanka and is ex­pected to be de­vel­oped in 2 years af­ter com­ple­tion of ini­tial for­mal­i­ties, the com­pany said.

“The LNG ter­mi­nal will be set up on the western coast of

Sri Lanka in close prox­im­ity to Colombo where most of the power projects (oper­at­ing mainly on costly liq­uid fuel) are lo­cated,” Petronet added.

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