Petronet to form JV with Japanese, Sri Lankan firms for LNG plant

The capacity of the LNG terminal will be decided upon the gas demand in Sri Lanka

Petronet LNG, India’s largest LNG importer will set up an LNG terminal in Sri Lankan capital Colombo in a joint venture with Sri Lankan and Japanese companies.

The matter was under discussion since last year. During the visit of External Affairs Minister Sushma Swaraj to Colombo on September 1, the Sri Lankan government issued a Letter of Intent.

“A joint venture of Petronet LNG Limited along with Japanese and Sri Lankan companies will develop an LNG Terminal in Sri Lanka to provide regassified natural gas to various power plants, domestic and transport sectors in Sri Lanka. The capacity of the