Blog Archives

US firm wins Sri Lanka LNG deal-by Damon Evans Source:Energyvoice New Fortress Energy has finalised a contract with the government of Sri Lanka that gives it the rights to develop a new liquefied natural gas (LNG) import terminal off the coast of Colombo that is expected to start up in 2023. The pair announced yesterday that the US-listed company will invest in West Coast Power (WCP), the owner of the 310 MW Yugadanavi power plant based in Colombo, as well as recieve rights to develop an LNG terminal. Sri Lanka’s government has long pushed plans for gas to make up at least one-third of the country’s energy mix by 2030, up from zero at present. Significantly, LNG imports are currently the only way of introducing gas to Sri Lanka. Although the government is trying to rekindle interest in undeveloped offshore gas deposits. ...