📈 LAUGFS Gas Outlines Nov. Shipments to Ease LPG Shortage

LAUGFS Gas PLC has scheduled three international LPG shipments for November 2026 to address severe domestic supply disruptions caused by Middle East conflict and Strait of Hormuz transport bottlenecks. • Shipment Schedule: • 12–14 Nov: OQT cargo at Hambantota • 15–17 Nov: Geogas cargo at Colombo • 24–28 Nov: Second OQT cargo at Hambantota • Terminal Restrictions & Approvals: • LAUGFS Terminals Ltd🇱🇰 📈 LAUGFS Gas Secures November LPG Shipments to Address Supply Shortages • Shipment Schedule: Three LPG shipments are scheduled for November to restore domestic availability, subject to shipping, port operations, and regulatory approvals: • 12–14 Nov: OQT shipment (Hambantota) • 15–17 Nov: Geogas shipment (Colombo) • 24–28 Nov: Second OQT shipment (Hambantota) • Supply Chain & Terminal Bottlenecks: Global LPG supply chain disruptions stemming from Middle East conflicts and Strait of Hormuz transport delays have compounded local issues. Operations at the company's US$ 65 Mn Hambantota terminal (30,000 MT capacity) face domestic release limits tied to historical re-export turnover conditions under BOI Hub Regulations. • Regulatory & Safeguard Actions: • LAUGFS requested 3-month temporary clearance to utilize Hambantota terminal storage for domestic supply while transitioning out of hub status. • The President directed the BOI and Treasury Secretary to facilitate necessary approvals within one week (currently pending). • A new tender has been issued for direct LPG deliveries to Colombo starting January 2027. • Compliance Status: LAUGFS Gas PLC and LAUGFS Terminals Ltd. confirmed they are not designated entities under US OFAC sanctions.