India to built LNG Terminal in Sri Lanka in collaboration with Japan

Posted by Daily Shipping Times on 13-09-2017        Tweet

NEW DELHI: Sri Lanka has invited Petronet LNG Ltd, India's biggest gas importer, and Japanese company to jointly build the Island nation's first liquefied natural gas (LNG) terminal near Colombo.

"The Sri Lankan Government issued a Letter of Intent to the Government of India" to build the LNG import facility that would supply regassified gas to power plants and transport sector, Petronet LNG said in a statement.

While the capacity of the import terminal to be set up at Kerawalapitiya on Western Coast is yet to be decided, Petronet had in its proposal to the Sri Lankan Government proposed a 2 million tonnes facility that would cost about USD 250 million.

"The capacity of the LNG terminal will be decided upon the gas demand in Sri Lanka and is expected to be developed in two years after completion of initial formalities," it added.