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Sri Lanka’s Laugfs Gas hires China firm to build US$80mn LPG terminal

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.

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