LAUGFS Holdings Limited - Liquefied Petroleum Gas (LPG) Terminal - Details on ZAWYA MENA Edition
added on: 13 March 2019

LAUGFS Holdings Limited - Liquefied Petroleum Gas (LPG) Terminal

Also known as: LPG Terminal in Hambantota


LAUGFS Holdings Limited plans to develop Liquefied Petroleum Gas (LPG) Terminal, in Hambantota, Sri Lanka . The terminals will be constructed at The Hambantota Port which has direct connections to some of the largest emerging LPG markets in the region · Signs construction deal with Chinese specialist firm · Aims to re-export 60% of LPG to regional markets · SL to witness significant economic impacts energy, shipping and exports · Plans to buy 10 more vessels to cater to the growing regional LPG demand Laugfs Terminals Ltd., a subsidiary of Sri Lankan energy conglomerate Laugfs Gas PLC yesterday signed agreements with China Huanqiu Contracting and Construction Corporation (HQC) to construct South Asia’s largest import and export liquefied petroleum gas (LPG) terminal with an investment of over $80 million. The firm intends to invest $58.1 million in the first phase of the construction with a capacity of 30,000 MT within the next two years. In the second phase, Laugfs Terminals expects to increase its capacity up to 45,000 MTs, which can accommodate very large gas carriers.
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