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Monday October 18th, 2021

Sri Lanka's could lose billions through unsolicited New Fortress Energy deal: CEBEU

The sale of a power plant comes with complex contracts which could be worth US$6.0bn or more

3 min read

US based New Fortress Energy says strikes LNG supply deal with Sri Lanka

New Fortress will initially provide the equivalent of an estimated 1.2 million gallons of LNG (~35,000 MMBtu) per day

3 min read

Sri Lanka Mannar, Cauvery basin oil blocks gravity magnetic survey with Bell Geospace

The data we have acquired so far is of excellent quality

3 min read

Sri Lanka splits oil blocks to fire demand, BellGeospace to give data

When the block is large, it is very expensive for a single company to explore

3 min read

Sri Lanka's CPC to enter LPG distribution as third player

CPC refinery produces 5-pct of LPG needs

Sri Lanka cabinet not aware of a US$2.5bn loan to CPC: Minister Pathirana

"We are not aware of such a thing," Co-Cabinet Spokesman Ramesh Pathirana told the weekly cabinet news briefing.

Sri Lanka CAA tries to end LP gas shortage created by price controls with Rs363 hike

Saudi Aramco contract price for LPG components had risen from the time the original application was made

3 min read

Sri Lanka to mandate 70-pct renewable power target in gazette rule

Gazette will mandate 70-pct share for LTGEP

2 min read

Sri Lanka's Hambantota port backed by China's Sinopec to expand bunkers offering

First cruise ship since Covid-19 pandemic calls at Hambantota

2 min read

Sri Lanka renewable power competitive tenders stuck for 10 months without ministerial nod

Competitive tendering has sharply brought down costs, compared to controversial feed-in tariffs

1 min read

Sri Lanka's Consumer Affairs Authority triggers LPG panic buying with price controls

Daily demand rises close to 100,000 from an earlier 90,000 cylinders

3 min read

Sri Lanka generation plan renewable power share for 2030 equal to Germany: CEB engineers

Grid upgrades and storage to take it to 70-pct could cost US$3.7bn

6 min read

Concerns raised over US deal subverting Sri Lanka competitive LNG terminal procurement

It is like an interloper coming between an engaged couple on the way to be married

3 min read

Sri Lanka IOC unit posts Rs273mn profit with finance income

Lanka IOC posted finance income of 351 million rupees

1 min read

Laugfs Gas halts Sri Lanka LPG import over price controls

Requests for price increases not granted

1 min read

Sri Lanka cabinet clears new petroleum law

The draft law has been cleared by Sri Lanka's Attorney General

1 min read

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Sri Lanka's Litro Gas says ready to fill Laugfs supply gap

Says will fill any colour cylinder

2 min read

Sri Lanka's Laugfs Gas is yet to 'officially' halt LP Gas imports

The firm has asked to raise prices earlier

1 min read

New Fortress Energy says linked with Sri Lanka's LTL for 350MW power plant

NEF had also inked deal with the government for floating LNG terminal

2 min read

New Fortress Energy says inked deal for Sri Lanka LNG terminal

Negotiating to buy 40-pct stake in combined cycle plant

3 min read

Sri Lanka to promote electric vehicles with renewable power expansion

A study by the University of Moratuwa has found that 60 per cent of the air pollution was caused by vehicle emissions.

2 min read

Sri Lanka's Ceylon Petroleum Corporation lost Rs57bn to May 2021: Minister

Un-hedged dollar loans causing forex losses

3 min read

Sri Lanka to use US$100mn India Exim solar power credit for state offices, poor families

Operating expenses of state buildings to be reduced

2 min read

Sri Lanka to merge Laugfs, Litro operations, LPG price controls to remain: Minister

Government to support losses

2 min read

Sri Lanka trying to re-finance billion dollar CPC 'Nick Leeson' loan from state banks: report

Bank loans and suppliers credits were a total of 3,355 million US dollars or 635 billion rupees

3 min read

Sri Lanka cabinet clears Windforce plant in high-wind Mannar

A CEB-owned plant in Mannar had seen unexpectedly high plant factors soon after commssioning

2 min read