May 02, 2019 (LBO) – LAUGFS Terminals Ltd officially inaugurated operations of its LPG transshipment terminal at the Hambantota international Port.
It is the largest of its kind in South Asia, with the first of its LPG cargo brought in by the Sri Lankan flagged vessel Gas Success, part of LAUGFS Maritime’s own LPG vessel fleet.
The new LAUGFS LPG Terminal is an important energy infrastructure in the Indian Ocean, having strategically located amidst key international maritime trading routes connecting West to East.
The first LPG cargo discharge on board LAUGFS Maritime’s LPG ship – Gas Success – was ceremoniously initiated by the LAUGFS Chairman W. K. H. Wegapitiya, LAUGFS Group Managing Director Thilak De Silva and CEO of Hambantota National Port Group Ray Ren, with the presence of CEO of Hambantota International Port Service Co. Ltd., Captain Ravi Jayawickrama, LAUGFS Maritime Director/CEO Dr. Leslie Hemachandra, LAUGFS Terminals Director/CEO Mr. Ananda Premachandra and General Manager Heshan De Silva.
With a projected annual export value of USD 500 million, the 30,000 MT LPG terminal represent a significant investment in infrastructure development in Sri Lanka.
The new LPG Transshipment facility will also serve to initiate coastal shipping services between Hambantota and Colombo Ports for the first time in the country.
The LAUGFS terminal operations are expected to create and support many direct and indirect industries surrounding its activities, generating employment and income generation opportunities for the country.