Sri Lanka to discuss on Draft National Policy on LNG

Sri Lanka to discuss on Draft National Policy on LNG

 
The Ministry of Highways & Road Development together with Petroleum Resources
Development has developed the draft national policy on 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 & 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.
First Natural Gas discovery in Sri Lanka was made in the Mannar Basin, off North Western coast
in 2011. So far, exploratory drilling has made two discoveries from the same block with
estimated reservoir capacities in excess of 1 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 utilization 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 ( This email address is being protected from spambots. You need JavaScript enabled to view it. ).
The oral submission or the discussion would be held on 28 th March 2018 at cinema lounge – BMICH and
interested parties can be participated by registering via 0718622800.
Ends.