Petronet LNG Limited (PLL) recently signed a Memorandum of Understanding (MoU) with LTL Holdings Limited (LTL) of Sri Lanka on August 20, 2024, in Colombo, Sri Lanka, for the supply of LNG to LTL’s dual-fuelled power plant(s) at Kerawalapitiya, Colombo.
As per the company’s filing, “Both parties, through this MoU, have agreed for development of LNG supply chain from PLL’s LNG terminal, Kochi to LTL’s Power Plant(s) in Kerawalapitiya, Colombo in a time bound manner. The proposed supply of LNG from PLL’s Kochi LNG Terminal would be through LNG ISO tank containers involving multi-modal transport system. The initial term of LNG supply would be 5 years, which is extendable subject to mutual agreement.”
In the meantime, Petronet LNG shares were trading 0.77% higher at Rs 378.35 on the NSE.
