Joint procurement of LP Gas through Laugfs, Litro PPP? | Daily News

Joint procurement of LP Gas through Laugfs, Litro PPP?

There was a corporate announcement yesterday from Laugfs Gas (LGL) on consideration of the existing excess storage capacity of the LPG terminal located at the Hambantota International Port, owned by Laugfs Terminals Limited, which is a subsidiary of Laugfs Gas PLC, the Government has recognized the possible cost benefits to the country derived from the economies of the scale of operations, by way of joint procurement of LP Gas through formation of a private public partnership between the state owned Litro Gas Lanka Limited and Laugfs Terminal Limited.

Further, it said these discussions are at a very early stage and no firm proposal or indication of the modalities that have been officially conveyed