Petronet to form JV with Japan, Sri Lanka firms for LNG plant
Posted by Editor on September 6, 2017 - 9:05 pm
India’s biggest gas importer, Petronet LNG, will soon form a joint venture with Japanese and Sri Lankan companies to build a liquefied natural gas (LNG) terminal near Colombo, the Indian company said in a statement on Wednesday.
The Sri Lankan government has issued a letter of intent to the Indian government to build the plant that would supply regassified natural gas to power stations and the transport sector in Sri Lanka, Petronet said.
“The capacity of the LNG terminal will be decided upon the gas demand in Sri Lanka and is expected to be developed in 2 years after completion of initial formalities,” it added.
(Reuters)
Latest Headlines in Sri Lanka
- Sri Lanka tea sector faces overhaul July 18, 2025
- Former Minister S.M. Chandrasena further remanded until August 1, 2025 July 18, 2025
- Wild Elephant killed in train collision in Gallalla July 18, 2025
- Three firearms seized in separate raids across Sri Lanka July 18, 2025
- Wax Museum at historic Ehelepola Walawwa declared open July 17, 2025