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Sri Lanka to produce indigenous natural gas and stop importing fossil fuel: Official
24 Mar, 2015 15:29:19
Mar 24, 2015 (LBO) – Sri Lanka’s new government targets 100 percent clean indigenous energy to develop the island as a green country while importing fossil fuel, an official from the Ministry of Power and Energy said.
“We want to develop the country but it has to be more green and environment friendly development,” Suren Batagoda, secretary, Ministry of Power and Energy said at a United Nation forum held in Colombo to discuss UN's Millennium Development Goals.

"Now we're thinking of 100 percent clean indigenous energy, including Mannar Basin gas resources which we're positively trying to develop."

“Our target is to completely stop importing fossil fuel,”

He said according to a new national plan of the government the island set an ambitious target to cut energy use and reduce emissions by at least 10 percent.

“Now, we produce 10 percent of our energy through renewable energy. Our target was to increase it to 20 percent by 2020. But last week we thought why not 100 percent,” Batagoda said.

He said Sri Lanka imports 49 percent of its primary energy supply today.

"That means we have to produce that 49 percent within the country,"

“We have found gas resource in Mannar Basin and plans to develop it,”

“With that the target is to look at every single bio gas resources starting from coconut shell to agricultural waste." Batagoda said.
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READER COMMENT(S)
1. Owl Apr 23
I am sorry to say that it does not work this way. Can the secretary establish that natural gas can be mined by Sri Lanka at the same cost or lower than global natural gas mining costs? It cannot be done and any such attempt will only lead to an increase in gas prices for the consumer. What may be possible is to lease the mining to companies that are active in the field...if the gas deposits are large enough to attract them...and then negotiate a certain moving volume of gas to be sold to Sri Lanka at specially reduced prices. In the meantime it may help raise credibility of the ministry if it refrains from telling fairy tales of this sort.