Petronet LNG eyes Bangladesh and Sri Lanka terminals

India’s Petronet LNG has laid out expansion plans that will see around $3bn spent over the next five years, including establishing gas terminals in neighbouring Sri Lanka and Bangladesh, in a move that could shake up South Asian gas trades.

Petronet LNG is looking to build a 5m tonne a year facility at Kutbdia in Bangladesh as well as a 1m tonne a year floating facility in Sri Lanka. Both moves would be Petronet LNG’s first overseas foray.

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