ENERGY HUB AMBITION
Laugfs Gas has commissioned an $80 million LP gas storage and distribution facility at the Hambantota Port. The company says that it can hold up to 30,000 metric tonnes of gas in its storage, which will then be distributed locally or re-exported. In addition to operations in Sri Lanka, Laugfs Gas distributes LPG in Bangladesh. […]
Laugfs Gas has commissioned an $80 million LP gas storage and distribution facility at the Hambantota Port. The company says that it can hold up to 30,000 metric tonnes of gas in its storage, which will then be distributed locally or re-exported. In addition to operations in Sri Lanka, Laugfs Gas distributes LPG in Bangladesh. With its new facility now fully functional, it’s also exploring new bulk export deals to elsewhere in Asia and Africa.
2.5km
Length of the pipeline from the port terminal to the storage facility
65,000 tonnes
Volume of Laugfs’ Bangladeshi unit’s annual LPG imports
$1 billion
Projected annual gas re-export value from the new facility