Terminal News

Sri-Lankan government cancels tender for Engro

Written by...

Picture of Molly Cooper

Molly Cooper

Journalist at Tank Storage Magazine.

LNG ship on the waterThe Colombo-based Sunday Times has reported that the Sri-Lankan government has cancelled the tender awarded to Engro, China-Pakistan consortium, and give it to Indian company, Petronet LNG.

The China-Pakistan consortium was selected last year as part of a step towards reducing the cost of power production.

The decision was made after the award of the contract was strongly objected by India.

There are concerns that this action will hold back future investors and contracts from the country.

Share this article:

Latest terminal news

All News

Bp & NOC To Explore Libyan Oilfields

Bp has signed a memorandum of understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate redevelopment opportunities in the mature giant Sarir and Messla oilfields in Libya’s Sirte basin,

Read More
All News

National Wealth Fund Invests In Peak Cluster

The National Wealth Fund has announced a £28.6 million (€33.2 million) equity investment in the UK’s cement decarbonisation project, Peak Cluster, to support the development of a planned carbon dioxide

Read More
Shaking hands neon light
All News

MET Acquires KGE

MET, has acquired 100% of KGE, a natural gas storage operator based in Gronau, North Rhine-Westphalia, Germany. With this acquisition MET is further strengthening its commitment to investing in natural

Read More