Sri Lanka to Start Natural Gas Production!

Natural gas production in Sri Lanka will start by the end of this year, Power and Energy Minister Patali Champika Ranawaka said while addressing the media at the ministry on Monday (11).

He pointed out that strong legal framework is needed for oil and gas production in Sri Lanka and without a strong legal framework, Sri Lanka cannot attract investors to begin oil and gas production in Sri Lanka.

The minister said fuel prices will not be increased under any circumstances and there is no shortage of fuel in the country.He said even though there is a significant increase in fuel and gas prices in the world, Sri Lanka can maintain the reduced prices.

The Minister also denied rumours to the effect that Sri Lanka Petroleum Corporationis is incurring loses