Petronet LNG will operate the upcoming Kerawalapitiya Floating I LNG regasification terminal, proposed to be built in Western Province in Sri Lanka. According to GlobalData, who tracks more than 1,100 active and developing LNG terminals worldwide, the terminal is expected to start operations in 2025 and will be owned by Sojitz, Mitsubishi, Sri Lanka Gas Terminal, Oil and Natural Gas, Bharat Petroleum, GAIL (India), Indian Oil, and others. Buy the profile here.

The Kerawalapitiya Floating I LNG regasification terminal has a proposed regasification capacity of 138.7bcf/annum (billion cubic feet) and storage capacity of 0.07 million tons (Mt).

During the period 2021-2025, the Kerawalapitiya Floating I regasification terminal is expected to witness an estimated capex of $329m.

About Petronet LNG

Petronet LNG Ltd (Petronet) is an energy company that carries out its operations in the midstream sector. Its major promoters include GAIL (India) Ltd, Oil and Natural Gas Corp Ltd (ONGC), Indian Oil Corp Ltd (IOCL) and Bharat Petroleum Corp Ltd (BPCL). The company regasifies the imported LNG and supplies to its promoters and others. It imports LNG from Qatar, Oman and Australia. Petronet also owns and operates LNG terminals at Dahej, Gujarat and Kochi, Kerala. Petronet is headquartered in New Delhi, India.

For more details on the Kerawalapitiya Floating I LNG Regasification Terminal, buy the profile here.


GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.