Ownership of the Liquefied Petroleum Gas (LPG) terminal located at the Hambantota International Port LAUGFS Gas PLC states that it is currently engaged in discussions with various parties.
In an announcement to the stock exchange, the company noted that these discussions concern LAUGFS Terminals Limited, the entity that owns the relevant terminal.
The company stated that these discussions are still in the preliminary stages and are focused on potential commercial collaborations, securing new investments, or the partial or full transfer of equity ownership in the company.
However, the company clarified that no final agreement has been reached yet regarding the nature or terms of any proposed transaction.
This LPG terminal, owned by LAUGFS Gas, has a capacity of 30,000 metric tons and is considered a critical asset within Sri Lanka’s energy infrastructure.