Laugfs breaks ground for US $ 80mn LPG terminal

Laugfs Terminals Limited with China Huanqiu Contracting & Construction Corporation (HQC) recently broke ground for the 45, 000 metric tonnes Laugfs LPG import/export terminal at Hambantota Port, with an investment of over US $ 80 million allocated for the project.
Laugfs said the terminal would be the first step in building a regional energy distribution hub in Sri Lanka, drawing in from the Hambantota Port’s unique location-specific advantages. 
“It will bring in tremendous benefits not just for the local LPG industry, but also for the country’s economy through many lucrative revenue and employment opportunities,” a company statement said. 
As one of the largest LPG Terminals in South Asia, the Laugfs Terminal is also expected deliver significant cost advantages to regional LPG break bulk markets.  This could position Sri Lanka as a central energy distribution hub with access to some of the largest emerging LPG markets 
in the world.