Petronet signs deal with with Sri Lankan company to supply LNG to Colombo

• Posted in OilGas
• on August 21, 2024
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Petronet LNG Ltd, India’s biggest gas importer, on Tuesday (August 20) said it has entered into a Memorandum of Understanding (MoU) with LTL Holdings Ltd (LTL) of Sri Lanka to supply liquefied natural gas (LNG) to LTL’s dual-fueled power plants in Kerawalapitiya, Colombo.

“…we wish to inform that Petronet LNG Limited (PLL) has entered into a Memorandum of Understanding (MoU) with LTL Holdings Limited (LTL) of Sri Lanka on August 20, 2024, at Colombo, Sri Lanka for the supply of LNG to LTL’s dual-fuelled Power Plant(s) in Kerawalapitiya, Colombo,” according to a stock exchange filing.

Under this MoU, both parties will collaborate to develop a comprehensive LNG supply chain from PLL’s Kochi LNG terminal to LTL’s power plants in Colombo, using LNG ISO tank containers and a multi-modal transport system. The initial term of the LNG supply is set for five years, with provisions for extension based on mutual agreement.

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