Petronet LNG to build LNG import terminal in Sri Lanka
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.