India's Petronet signs deal with Sri Lanka's LTL for LNG supply

Petronet LNG

20/08/2024 13:41

BENGALURU, Aug 20 (Reuters) - Indian state-run firm
Petronet LNG  PLNG.NS  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.

 (Reporting by Ashna Teresa Britto in Bengaluru; Editing by
Eileen Soreng)
 ((AshnaTeresa.Britto@thomsonreuters.com;))