Petronet to develop Sri Lankan LNG terminal

A joint venture of Petronet LNG Ltd. along with Japanese and Sri Lankan companies will develop an LNG terminal in Sri Lanka to supply the island nation’s power, manufacturing, and transport segments.

A joint venture of Petronet LNG Ltd. along with Japanese and Sri Lankan companies will develop an LNG terminal in Sri Lanka to supply the island nation’s power, manufacturing, and transport segments. The terminal’s capacity is still being determined. Petronet expects construction to take 2 years after all formal agreements have been signed.

The proposed terminal site is on Sri Lanka’s west coast near the capital city of Colombo. Most of the country’s power is currently generated by burning liquid fuels, with 82% of total primary energy consumption met by petroleum products and biomass.

The Sri Lankan and Indian governments on Sept. 1 signed a letter of intent regarding the project.

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