PLL signs MoU with LTL Holdings to supply LNG to Sri Lankan power plants

Current Context: Petronet LNG Limited (PLL) signed a Memorandum of Understanding (MoU) with LTL Holdings Limited (LTL) of Sri Lanka on August 20, 2024, at the Galadari Hotel in Colombo.

• This agreement aims to supply liquefied natural gas (LNG) to LTL’s dual-fuel power plants in Colombo, including the Sobadhanavi Combined Cycle Power Plant in Kerawalapitiya.
• The MoU encompasses developing infrastructure for storage, regasification, and LNG supply, aiming to reduce energy costs, support clean energy transformation, and stabilize the grid for renewable energy integration,
• This is a significant step in enhancing energy cooperation between India and Sri Lanka.

Question:

1. What is the primary objective of the Memorandum of Understanding (MoU) signed between Petronet LNG Limited (PLL) and LTL Holdings Limited (LTL)?

• A) Supply of solar energy equipment
• B) Supply of liquefied natural gas (LNG)
• C) Development of wind energy infrastructure
• D) Exploration of offshore oil reserves

Answer: B) The MoU aims to supply liquefied natural gas (LNG) to LTL's dual-fuel power plants in Colombo, specifically focusing on supporting energy needs through LNG.