India to begin LNG supplies to Sri Lanka in 2025

Petronet LNG Ltd, India’s biggest liquefied natural gas company, will 2025 start supplying LNG to Sri Lanka, initially in containers loaded on ships and later going on to build an import terminal, its chief executive said on Thursday.

Sri Lanka is seeking a supply of gas in liquid form to meet requirements for generating electricity and other industries. It was in discussions with Petronet and other suppliers for years and it is only now that it has finally agreed to buy the fuel from the Indian firm.

Petronet CEO Akshay Kumar Singh said the company will ship 850 tonnes of gas daily to the island nation in containers of 17 tonnes each. The supplies would be for five years during which the company will build a floating LNG receipt facility at Colombo port.

Source : PTI

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