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New Fortress Energy to continue with plans for Sri Lanka LNG project

9 March 2022 11:14 pm - 12     - {{hitsCtrl.values.hits}}

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New York-based gas-to-power developer New Fortress Energy will continue with the plans for the Sri Lanka LNG project after the country’s court discharged the opposing development.
 
NFE issued this statement following a favorable ruling on 4 March by the Supreme Court of Sri Lanka.
 
The court considered the merits of all the fundamental rights petitions filed seeking to halt NFE’s development of natural gas power solutions in Sri Lanka. Then, the Court fully dismissed the petitions without further hearing.
 
NFE and the Sri Lanka government agreed in September 2021 to construct a new offshore LNG terminal near Colombo. The LNG import terminal was to introduce LNG to Sri Lanka in order to push its transition to cleaner energy.
 
New Fortress will have gas supply rights to the Kerawalapitya Power Complex. It will initially provide the government an estimated 1.2 million gallons per day of LNG. This will supply both the currently operational 310 MW Yugadanavi and an additional 350 MW at the Sobadanavi Power Plant. The latter will start operations in 2023.
 
The definitive agreement is subject to customary conditions.

  Comments - 12

  • Ram Thursday, 10 March 2022 01:54 AM

    Agreement signed about midnight secretly without cabinet approval received SC approval on a point of law rejecting the public interest. I guess this is why the old folks said law is an Ass

    Mohamed Thursday, 10 March 2022 03:38 AM

    It's very important to improve this sector and improve quality of Care incuding establishing Attidude of care , we got world class doctors and highly dedicated nurses with good experience. Quality in Health sector is a key index to measure development of the country. We are blessed to have free service in Sri Lanka ,

    Rene Thursday, 10 March 2022 05:21 AM

    Great all the best to new venture

    Hon. Henchman Thursday, 10 March 2022 06:44 AM

    Of course, why not. With their loyal agent at the correct position they got nothing to lose, and the Lankan peasants lose everything they got.

    Seqi Thursday, 10 March 2022 07:45 AM

    Soon Sri Lanka will become another American vassal state. Expect a military base next with no strings attached!!

    Walker Thursday, 10 March 2022 07:49 AM

    Will they also run out of $$$?

    Bhatiya Siriwardena Thursday, 10 March 2022 07:57 AM

    The Way forward

    Gayan Thursday, 10 March 2022 08:43 AM

    Let's see what each political party does.

    Kikazaru Thursday, 10 March 2022 09:17 AM

    This company has no capital and credibility. It will be all gas and no shit.

    GHT Thursday, 10 March 2022 10:00 AM

    The US govt. sabotages everything that China takes forward to develop our mother Lanka by forcibly entering Sri Lanka. China is an economic GIANT

    Roshanaly Thursday, 10 March 2022 12:19 PM

    All these shortages of Gas, diesel are made shortages to fulfill certain hidden agenda.

    james Thursday, 10 March 2022 07:39 PM

    If you need dollars, must open ventures with American businesses


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