New Fortress Colombo LNG Terminal

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New Fortress Colombo LNG Terminal, also known as New Fortress Sri Lanka LNG Terminal, is a cancelled (confirmed) LNG import terminal in Sri Lanka.

Location

Table 1: Location details

Name	Location	Coordinates (WGS 84)
New Fortress Colombo LNG Terminal	Offshore Colombo, Sri Lanka	6.9048, 79.4723 (approximate)

The map below shows the approximate location of the terminal:

Loading map...

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Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year

Name	Facility type	Status	Capacity	Total terminal capacity	Offshore	Associated infrastructure
New Fortress Colombo LNG Terminal	import	cancelled (confirmed)	–	–	False	Yugadanavi power station

Table 3: Cost

Name	Facility type	Cost	Total known terminal costs
New Fortress Colombo LNG Terminal	import	–	–

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward

Name	Facility type	Status	Proposal year	FID year	Construction year	Operating year	Inactive year
New Fortress Colombo LNG Terminal	import	cancelled (confirmed)	2021	–	–	–	2023 (cancelled)

Ownership

Table 5: Ownership

Name	Facility type	Status	Owners	Parent companies	Operator
New Fortress Colombo LNG Terminal	import	cancelled (confirmed)	China Firm for the Investment of Technology Co Ltd [100%]	China Firm for the Investment of Technology Co Ltd [100.0%]	–

Background

In September 2021, New Fortress Energy announced that it had signed an agreement with the government of Sri Lanka in which it would take a 40% stake in the Yugadanavi power station and develop a new LNG import terminal offshore Colombo. The facility is expected to begin operations in 2023.

In March 2022, the Supreme Court of Sri Lanka dismissed a petition to halt New Fortress's project, and the project is expected to move forward.

In August 2023, Sri Lanka Mirror reported that New Fortress's proposal to the Sri Lankan government had been unsolicited, and not in response to the government's open proposal. "However, due to strong objections to the deal, the agreement had not been implemented up to now," it said. Instead, the government awarded a tender to the Indian company Petronet LNG. Given government's lack of interest in New Fortress's proposal, the project is now considered shelved.

In August 2025, it was reported that a Chinese company, China Harbour Engineering Company (CHEC) had been selected to develop an offshore floating storage and regasification unit (FSRU) for Kerawalapitiya LNG Terminal. With this decision, Petronet LNG is no longer in the running to develop that project, and there is further evidence that New Fortress's proposal will not move forward. With no other updates indicating that New Fortress's proposal is still viable, since it was considered shelved two years ago, the project is now considered cancelled.

Articles and Resources

Additional data

To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.