CPC to enter the domestic LP Gas market next year
The Ceylon Petroleum Corporation(CPC) is planning to use the LP gas bottling plant of Mundo gas to enter the domestic LP Gas market next year.
The chairman CPC Asantha de Mel told the Sunday Times FT that corporation is to double its liquid gas production in the next few months by up grading its existing facilities. However the CPC had earlier entered into an agreement with Laugfs Gas to supply its LP Gas products and this agreement is to expire on the20th January 2008. In a latest development The Supreme Court issuing an injunction preventing Ceylon Petroleum Corporation (CPC) selling LP gas to the multinational corporation Shell following a petition by Laugfs Gas has ordered the Minister of Petroleum Resources A.H.M. Fowzie and the Chairman of the CPC Ashantha de Mel to extend the agreement with Laugfs Gas to supply CPC’s LP gas products. The Supreme Court bench comprising Chief Justice Sarath N. Silva, Shirani Thilakawardhana and Andrew Somawansa granted leave to the petition to summon it on November 22.
Meanwhile Laugfs Gas Company Limited has also take measures to set up a mega gas filling complex in close proximity to the port of Galle with an investment of one billion rupees. The project will be implemented in collaboration with Sri Lanka Southern Development Authority with a view to increase the company’s LPG refilling capacity. This will be a new fully facility cylinder filling facility. A five acre block of land at Kurunduwatte in Akmeemana has been earmarked to build the gas filling complex.
A gas filling station, stores complex a factory to repair LP gas cylinders and a distribution centre of LPG cylinders will also be built at the site. Chairman of Laugfs Group W.K.H Wegapitiya said that LPG storage and filling plant in Galle will improve filling efficiencies providing better customer satisfaction