Home / Business/ Sri Lanka to discuss Draft National Policy on LNG

Sri Lanka to discuss Draft National Policy on LNG


Comments / {{hitsCtrl.values.hits}} Views / Friday, 22 March 2019 00:00

Facebook

 


The Ministry of Highways and Road Development together with Petroleum Resources Development has developed the Draft National Policy on Liquid Natural Gas with a view to establish and develop the natural gas industry in Sri Lanka. 

With the view of further improvement and development of the policy, Public Utilities Commission of Sri Lanka together along with the Ministry of Highways and Road Development and Petroleum Resources Development Secretariat has decided to call public and expert comments on the Draft National Policy on Liquid Natural Gas.  Exploratory evidence on natural gas deposits in Mannar Basin and the pursuit of relatively clean alternative fuels for enhancing the diversity of power generation energy mix have heightened the interest in natural gas in the country. 

The first natural gas discovery in Sri Lanka was made in the Mannar Basin, off the North Western coast in 2011. So far, exploratory drilling has made two discoveries from the same block with estimated reservoir capacities in excess of one Trillion Cubic Feet (TCF) of natural gas and 10 million BBL (barrels) of condensate. 

The Draft Policy explained despite positive prospects, however, Sri Lanka has no experience in natural gas in any economic sector so far and there is substantial evidence to indicate that Sri Lanka can reap significant economic, social, and environmental benefits from using natural gas as a source of energy in power, industrial, transportation, household and commercial sectors and a raw material for industrial purposes. 

The national policy on natural gas will facilitate the exploration and production of natural gas, importation and exportation of Liquefied Natural Gas and utilisation of natural gas as an energy source and raw material; and to establish the legal, regulatory and institutional framework for the natural gas industry in Sri Lanka.

The Draft Policy is available on www.pucsl.gov.lk and the written comments can be submitted via post (Chairman, Public Utilities Commission of Sri Lanka, Level 06, BoC Merchant Tower, No. 28, St. Michael’s Road, Colombo 03), via fax (0112392641) or via email (consultation@pucsl.gov.lk). 

The oral submission or the discussion will be held on 28 March at Cinema Lounge – BMICH and interested parties can be participated by registering via 0718622800.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Whither Sri Lanka?

Wednesday, 19 June 2019

On Easter Sunday, 21 April 2019, suicide bombers from an extremist group caused carnage in six separate locations in Sri Lanka. Over 250 lives were lost and as many injured. The magnitude and co-ordination of their operation indicate several months o


Our Cricket Board simply cannot deliver – why not they all quit honourably?

Tuesday, 18 June 2019

“It is necessary, therefore, for the Government to pay serious attention to the doings of Sri Lanka Cricket [board] and take immediate action to lift their game for the progress of our glorious game.” Question for Sri Lanka Cricket (board) Sri La


Yesterday Tamils, today Muslims and tomorrow who?

Tuesday, 18 June 2019

From the time of S.W.R.D. Bandaranaike’s election victory in 1956, one and only one issue had dominated political party campaigns in this country; and that was communalism. The Tamil community was the main focus of these campaigns for over 50 years


Those who go by social proof are easy prey to crafty schemers

Monday, 17 June 2019

Going after social proof Swiss writer and novelist, Rolf Dobelli, in one of the essays in his 2013 book ‘The Art of Thinking Clearly’, has given a fine warning to his readers. He has warned against going by ‘social proof’ or ‘majority view


Columnists More