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Science and Environment/Energy
Since winning the war, according to media reports, persons in both the public and private sectors have been talking about converting Sri Lanka into various hubs in such sectors as business, aviation, shipping, energy etc. Yes, Sri Lanka does have the potential to serve as an energy hub to serve the needs of both the South Asian region and the country’s. For this purpose, the availability of Trincomalee harbour, a gift of nature given to Sri Lanka, needs to be exploited. A moderate size natural gas terminal built at Trincomalee could serve this purpose.
Wednesday, 02 June 2010 | 3519 hits | Print | PDF |  E-mail | Report | Read more
Science and Environment/Energy
Outlook for NG use in India Several analysis reports available in the internet forecast heavy shortfall of NG supply in India in the near future. According to a report prepared by the consultancy firm Mckinsey and quoted in Financial Express, India’s demand for NG will nearly double from the current demand of 166 Mcmd to 320 Mcmd by 2015, and with the inadequacy of domestic supplies, India has no option other than to go for large-scale LNG imports, if it were to shift away from coal in the power sector to comply with India’s voluntary targets under Copenhagen Accord (co-authored by India!) to reduce carbon emissions. It was also noted that there is an increasing demand for NG in the domestic sector with plans to increase the number of cities supplied with piped NG from the current 40 cities to 200 or more. In the transport sector too, an increase in the demand is expected with more vehicles using CNG. According to a presentation made at a recently held meeting of the Asia Gas Partnership Summit at New Delhi, it has been mentioned that there is a huge opportunity in the LNG sector with the requirement of about US$ 50 billion investment over the next five years for expanding the infrastructure to meet the future demand.
Thursday, 03 June 2010 | 1580 hits | Print | PDF |  E-mail | Report | Read more