Petronet to Set Up LNG Ter­mi­nal in Sri Lanka

The Economic Times - - Companies: Pursuit Of Profit -

Petronet LNG,will part­ner with Ja­pan's Mit­subishi and So­jitz Corp to set up Sri Lanka’S first LNG ter­mi­nal in Colombo, its CEO Prab­hat Singh said on Fri­day. “Petronet will be the leader of the joint ven­ture with the largest share­hold­ing,” he told re­porters af­ter the com­pany’s an­nual gen­eral meet­ing here. With­out dis­clos­ing the share­hold­ing, he said the Sri Lankan gov­ern­ment will also be a part­ner in the project. Petronet of­fi­cials will visit Tokyo this month and Colombo in Oc­to­ber to fi­nalise the project de­tails, he said.

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