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Sri Lanka’s oil and gas plans are overambitious

Content type:: Expert Briefings
Location:: SRI LANKA
Keywords associated with this article:: Geographic: Sri Lanka AP Cyprus Egypt Guyana IMF-World Bank

Topical: economy industry politics energy foreign trade gas government oil policy coal electricity foreign investment investment renewable energy
ISSN:: 2633-304X
Citation:: Oxford Analytica (2019), "Sri Lanka’s oil and gas plans are overambitious", Expert Briefings.
https://doi.org/10.1108/OXAN-DB249675

Monday, December 30, 2019

Subject

Sri Lanka's plans to start hydrocarbon production.

Significance

Sri Lanka is aiming to start hydrocarbon production within four years. It currently relies on imports of oil and coal to meet its energy needs.

Impacts

A focus on oil and gas exploration will detract from development of renewable energy resources.
Limited exploration success would mean long-term dependence on LNG imports.
Adoption of a new gas policy may provide some certainty regarding the direction of the country’s energy policy.

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