The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Trading Journal
Today at 6:48 pm by xmart

» AAIC.N0000
Today at 5:00 pm by The Invisible

» Thread for News on CSE and SL Economy
Today at 8:57 am by The Invisible

» Thread for News on Local and Foreign Politics
Today at 8:56 am by The Invisible

» Dividend Announcement
Mon Dec 17, 2018 7:04 pm by Ethical Trader

» Buy International English Language Testing System (IELTS) in jordan((WhatsApp:+237675967490))
Mon Dec 17, 2018 10:55 am by nihal123

» Thread for News on International Markets
Fri Dec 14, 2018 1:58 pm by The Invisible

» AINS - Arpico Insurance
Thu Dec 13, 2018 10:43 am by The Invisible

» CFVF - First Capital
Thu Dec 13, 2018 5:18 am by Ethical Trader

» Obituary Notice.
Wed Dec 12, 2018 11:18 am by sashimaal

» BFN - Orient Finance
Wed Dec 12, 2018 9:34 am by PANTOMATH

» බඩගිනී
Tue Dec 11, 2018 9:20 am by Ethical Trader

» අනං මනං! #/+?.<>
Sun Dec 09, 2018 11:19 am by lanka

»  Rajgama heroes !
Sun Dec 09, 2018 9:43 am by කිත්සිරි ද සිල්වා

» BOPL.N0000 (Bogawantalawa Tea Estates PLC)
Fri Dec 07, 2018 7:35 am by The Invisible

» Sri Lanka economic slowdown trims company profits, bank earnings grow
Thu Dec 06, 2018 3:04 pm by nihal123

» JINS.N0000 ( Janashakthi Insurance PLC)
Thu Dec 06, 2018 10:05 am by The Invisible

» Better Than Bitcoin
Thu Dec 06, 2018 9:42 am by කිත්සිරි ද සිල්වා

» Hutchison, Etisalat complete mobile networks merger in Sri Lanka
Wed Dec 05, 2018 9:30 am by The Invisible

» Oil prices surge more than 5-pct
Mon Dec 03, 2018 1:53 pm by Ethical Trader

» CCS.N0000 ( Ceylon Cold Stores)
Mon Dec 03, 2018 10:03 am by The Invisible

» HAYC - Haycarb
Sun Dec 02, 2018 3:04 pm by xmart

» In the Meantime, Within Our Shores !
Sat Dec 01, 2018 4:36 pm by කිත්සිරි ද සිල්වා

» LGL Laugfs Gas
Fri Nov 30, 2018 9:43 am by The Invisible

» Oil prices gain as investors eye Fed relief on interest rates
Fri Nov 30, 2018 9:41 am by The Invisible

» ලැයිස්තුගත සමාගම් 8 ක් කොටස් ගනුදෙනු තහනම් වීමේ අවදානමක
Thu Nov 29, 2018 11:34 am by nihal123

» අපි තනිකර ලෝකය දිව යන්නේ
Thu Nov 29, 2018 11:32 am by කිත්සිරි ද සිල්වා

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Thu Nov 29, 2018 10:32 am by The Invisible

» Orient Finance PLC--(Share_Valuation_Report)
Thu Nov 29, 2018 7:17 am by yellow knife

» කිඹුලා
Mon Nov 26, 2018 7:20 am by Lalinda

» Sandos' Vs Creators'
Sun Nov 25, 2018 1:17 pm by කිත්සිරි ද සිල්වා

» Tourists Arrival
Sat Nov 24, 2018 10:07 am by කිත්සිරි ද සිල්වා

» බිරිඳ
Fri Nov 23, 2018 11:49 am by Ethical Trader

» ගෙයක් හදන්නද ඉන්නේ
Fri Nov 23, 2018 5:55 am by Brave Heart

» --- සමෝසා වෙළෙන්දා -------
Fri Nov 23, 2018 5:51 am by Brave Heart

» විකුණුම්කරු
Sun Nov 18, 2018 2:10 pm by Ethical Trader

» Real Estate Market in Sri Lanka- A booming Industry or a Bubble?
Sun Nov 18, 2018 12:00 am by xmart

» Will YOU VOTE for ME if I run for SL PRESIDENCY?
Sat Nov 17, 2018 11:43 am by CK

» *කොට්ටේ තරණය කිරීම*
Fri Nov 16, 2018 6:25 pm by Ethical Trader

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Wed Nov 14, 2018 9:20 pm by pjrngroup

» DIPD.N0000 (Dipped Products)
Wed Nov 14, 2018 7:18 am by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Wed Nov 14, 2018 7:16 am by The Invisible

» TAFL - Three Acre Farms
Wed Nov 14, 2018 7:14 am by The Invisible

» RCL - Royal Ceramics
Wed Nov 14, 2018 7:12 am by The Invisible

» HAYL.N0000 Hayleys PLC
Wed Nov 14, 2018 7:08 am by The Invisible

» How to trade Stock profitably?
Tue Nov 13, 2018 11:55 am by indramal

» What are investing methods in Sri Lanka?
Tue Nov 13, 2018 6:39 am by indramal

» Thread for General News Local/Foreign
Mon Nov 12, 2018 7:57 am by serene

» Anybody invest New York or Landon Stock Exchange?
Sat Nov 10, 2018 8:53 am by කිත්සිරි ද සිල්වා

» JKH.N0000
Fri Nov 09, 2018 10:49 am by ruwan326

December 2018
SunMonTueWedThuFriSat
      1
2345678
9101112131415
16171819202122
23242526272829
3031     

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Sri Lanka’s Laugfs Gas in partnership with Chinese Hambantota Port operator

Go down

Sri Lanka’s Laugfs Gas in partnership with Chinese Hambantota Port operator

Post by nihal123 on Wed Oct 03, 2018 2:18 pm

ECONOMYNEXT – Sri Lanka’s Laugfs Gas said it has struck a partnership with the Chinese operator of Hambantota port on the south coast to begin liquefied petroleum gas (LPG) import, blending and re-export to regional markets from November.

Hambantota International Port Group (HIPG) will provide Laugfs Gas a pipeline connection from the jetty to the LPG distributor’s tank farm in the port to enable gas imports and exports, a joint statement said.

“The Laugfs Group’s potential customers are some of the fast growing economies positioned in close proximity to the Hambantota Port like, India, Bangladesh, Maldives, Myanmar and East Coast of Africa.”

W. K. H. Wegapitiya, Group Chairman of Laugfs Holdings said Laugfs has plans to bring LPG in larger vessels from international markets like the Gulf, US, and Singapore to Hambantota.

The port’s two jetties dedicated for oil, gas and petroleum business makes it convenient for the company, especially since the port will provide them with a connection facility to unload vessels through a pipeline connecting to their facility about 3 km from the jetty, he said.

This would help the firm transfer the LPG from ships direct to their facility, in large quantities of 20,000 to 30,000 metric tonnes.

Mixing and blending will then be done to create different LPG products, according to market demand, and these would then be exported from Hambantota to Indian Ocean rim countries.

“Once Laugfs terminal opens in November this year, we would be bringing close on 30 ships per month; 20 of them would be owned by us,” Wegapitiya said.

HIPG chief executive Ray Ren said that their first partnership with a local entrepreneur of Laugfs Gas calibre would be a major confidence boost for the Hambantota Port enterprise.

“The synergies HIPG and Laugfs will bring will give the port the impetus to position itself not only as an energy hub but also as a major international player for shipping and logistics. It will also open up a wealth of local job opportunities in different disciplines, which would be a boon to locals seeking employment and in the long term, the Sri Lankan economy.”
(COLOMBO, 03 October, 2018
avatar
nihal123
Top contributor
Top contributor

Posts : 5090
Join date : 2014-02-24
Age : 52
Location : Waga

Back to top Go down

Re: Sri Lanka’s Laugfs Gas in partnership with Chinese Hambantota Port operator

Post by Ethical Trader on Wed Oct 03, 2018 5:29 pm

This is a good investment. Thanks.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 4688
Join date : 2014-02-28

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum