Projects

New Fortress Energy LNG

ProposedSri Lanka·Regasification (Import)

Project Details

CountrySri Lanka
LocationColombo
Terminal TypeRegasification (Import)
Rig TypeFSRU
Capacity
Trains
Start Date01-Jan-2023
Cost (US$bn)
Origin
Destination
OwnersNew Fortress Energy Inc. {United States}
Buyers

Status Notes

May 2023 - New Fortress Energy Inc. signed a framework agreement with the Government of Sri Lanka to build the project in July 2021; April 2022 - The project is in development phase; January 2022 - New Fortress Energy Inc. has signed a framework agreement with Sri Lanka's finance ministry to build a floating liquefied natural gas (LNG) terminal, which opponents say will give the company a monopoly in the supply of LNG to the island; Project expected to start operations in 2023

Last reviewed: 13 Feb 2025