India's Petronet Signs 5-Year LNG Supply Deal with Sri Lanka's LTL Holdings
8/20/2024
(Reuters) — Indian state-run firm Petronet LNG said on Tuesday it signed a deal to supply liquefied natural gas to Sri Lankan engineering firm LTL Holdings' power plants in Colombo.
Petronet will initially supply LNG to LTL for five years through its terminal in the south Indian city of Kochi, the country's top gas importer said in a stock exchange filing.
Sri Lanka has suffered from crippling power blackouts and fuel shortages in the aftermath of an economic crisis in 2022.
In February, Petronet's chief executive said they plan to begin supplying LNG to Sri Lanka for five years starting in 2025, through which they will ship 850 metric tons of gas daily to the island nation in 50 containers of 17 tons each.
Related News
Related News
Sign up to Receive Our Newsletter
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
Comments