Petronet to Set Up LNG Terminal in Sri Lanka
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.