NTPC eager to end LNG supply deal
India’s biggest power producer, the state-run NTPC, is seeking to terminate a long-term LNG import contract as it perceives the fuel as “too expensive to be used in power generation. NTPC has notified GAIL India, which supplies gas through its affiliate Petronet LNG, stressing its inability to further execute the gas offtake contract as it cannot sell the electricity it generates from this fuel.
Sri Lanka wants coal power projects to be converted to LNG
China Machinery Engineering Corp (CMEC) is evaluating a 500 MW LNG-fuelled power project in Hambantota, southern Sri Lanka, which is meant to expanded to 1,000 MW at a later stage. President Maithripala Sirisena pushes for another 500 MW LNG-to-power plant just north of Colombo as he seeks to scrap coal-fired projects, or have them converted to natural gas.
