Petronet LNG to de­velop LNG ter­mi­nal in Sri Lanka

Maritime Gateway - - News -

Sri Lanka has de­cided to go ahead with the set­ting up of an LNG ter­mi­nal near Colombo with In­dian and Ja­panese com­pa­nies. Petronet LNG will soon form a joint ven­ture with Ja­panese and Sri Lankan com­pa­nies to de­velop the LNG ter­mi­nal which will pro­vide re­gasi­fied nat­u­ral gas to var­i­ous power plants, and do­mes­tic and trans­port sec­tors in Sri Lanka. The ca­pac­ity of the ter­mi­nal will be based on the de­mand for gas in Sri Lanka. The fa­cil­ity is ex­pected to be de­vel­oped in 2 years af­ter com­ple­tion of ini­tial for­mal­i­ties. The ter­mi­nal will be built on the west­ern coast of Sri Lanka, in close vicin­ity of Colombo where most of the power projects (op­er­at­ing mainly on costly liq­uid fuel) are lo­cated.

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