India’s Petronet LNG proposes supply of ‘green’ LNG to Sri Lanka
June 01, 2017 (LBO) - India's Petronet LNG has proposed to supply 'green' LNG to Sri Lanka and is awaiting an evaluation of their proposal, Deputy Manager of …
Petroleum
Sri Lanka’s petroleum unions warn of another strike next week
May 17, 2017 (LBO) - The Ceylon Petroleum Corporation (CPC) unions have in a letter informed the Premier that they will re- commence halted strike action next …
LAUGFS says LPG Terminal in Hambantota on schedule for 2018
May 04, 2017 (LBO) - One year into the construction of the LAUGFS LPG Import and Export Terminal in Hambantota, the first phase, with a 30,000 MT capacity, is …
Sri Lanka calls for public comments on national energy policy
Apr 04, 2017 (LBO) – Sri Lanka’s energy ministry has invited all stakeholders to study the draft National Energy Policy & Strategies and provide their …
Lubricant players concerned over duty hike on synthetic lubricants
Mar 22, 2017 (LBO) – Sri Lanka’s lubricant suppliers are starting to pass the tax imposed on synthetic lubricants to end users, the Ceylon Motor Traders …
Sri Lanka to purchase petrol, diesel through long-term contracts
Mar 16, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to purchase petrol and diesel through long-term contracts for a period of eight months …
CEB wants to lift non-conventional renewable energy to 17-pct by 2019
Mar 07, 2017 (LBO) – Sri Lanka’s state owned Ceylon Electricity Board has set a target to increase electricity generation from renewable resources from the …
CPC to improve refinery efficiency & financial viability by 2019
Mar 03, 2017 (LBO) – Sri Lanka’s state-owned Ceylon Petroleum Corporation has set out several targets to be achieved by 2019 with a view to minimize …
Govt nod for dedicated Jet A-1 fuel line for BIA
Mar 02, 2017 (LBO) - Sri Lanka will construct a jet A-1 fuel pipeline and tank farm to supply aviation fuel to international and domestic aircraft at the …
Sri Lanka calls tenders for petroleum development in Mannar Basin
Feb 12, 2017 (LBO) - The Sri Lankan government is inviting expressions of interest for partners to undertake the appraisal and development of gas discoveries …
Sri Lanka’s Laugfs buys third LPG carrier vessel for USD2.9mn
Jan 06, 2017 (LBO) – Sri Lanka’s Laugfs Maritime Services has purchased its third Liquefied Petroleum Gas (LPG) carrier vessel for 2.875 million US …
PUCSL recommends steps for power shortages in 1Q 2017
Dec 27, 2016 (LBO) – Sri Lanka’s electricity regulator, Public Utilities Commission has made several recommendations for the CEB to mitigate the impact of …
Funds committed to fossil fuel divestment double in a year
Dec 20, 2016 (LBO) - The value of investment funds committed to selling off fossil fuel assets has doubled in just over a year, a new report states. The value …
Sri Lanka offers long-term contracts to import refined petro products
Nov 17, 2016 (LBO) –Sri Lanka’s cabinet has granted its approval to offer three longer term contracts to Indian and Singapore companies to purchase refined …
Sri Lanka’s prospects for LNG investment high, especially from Japan: advisory firm
Nov 16, 2016 (LBO) - Sri Lanka's prospects for attracting investments in LNG, power plants, and natural gas infrastructure are good, especially if the island …
Interview: Strength of potential partners key to LNG negotiations, says PRDS DG
Nov 08, 2016 (LBO) - The reputation and financial strength of potential partners is key to developing Sri Lanka's LNG infrastructure, according to the head of …
Opinion: Is electricity from Norachcholai coal power plant cheap?
By Vidhura Ralapanawe CEB (and the CEBEU) has been touting a cost of 5-6 Rupees for Norachcholai, saying that it is cheap. PUCSL approves the CEB's bulk supply …
Sri Lanka to regulate petroleum industry through PUCSL
Oct 19, 2016 (LBO) - Sri Lanka’s cabinet has approved appointment of the Public Utilities Commission as the regulator of the petroleum industry. "The …
Sri Lanka to build 100,000 bpd refinery with India
NEW DELHI, Oct 6 (Reuters) - Sri Lanka will build a second refinery with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp, …
Sri Lanka lube market grows 6.8-pct in 2015: report
Sep 29, 2016 (LBO) - Sri Lanka's lubricant market has grown by 6.8 percent to 23.4 billion rupees in 2015, with 10.1 percent growth in automotive and 7.7 …