Sri Lanka's Laugfs Gas hires China firm to build US$80mn LPG terminal
Nov 17, 2015 17:53 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka's Laugfs Gas Plc said a Chinese firm will build an 80 million US dollar liquefied petroleum gas (LPG) terminal for the firm at Hambantota port.
China Huanqiu Contracting and Construction Corporation, a unit of China National Petroleum Corporation at been given a turnkey engineering procurement contract.
The terminal will have storage capacity of 30,000 metric tonnes with provision to expand another 15,000 metric tonnes.
Laugfs Terminal Limited, a fully-owned unit, leased four acres of land at Hambantota port from the state-run port agency in August to build the terminal.