Petronet LNG eyes Bangladesh and Sri Lanka terminals

Petronet LNG eyes Bangladesh and Sri Lanka terminals

India’s Petronet LNG has laid out expansion plans that will see around $3bn spent over the next five years, including establishing gas terminals in neighbouring Sri Lanka and Bangladesh, in a move that could shake up South Asian gas trades.

Petronet LNG is looking to build a 5m tonne a year facility at Kutbdia in Bangladesh as well as a 1m tonne a year floating facility in Sri Lanka. Both moves would be Petronet LNG’s first overseas foray.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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