CPC to Seek Investors for Mannar Basin Gas

The Ceylon Petroleum Corporation (CPC) says it will begin the process of inviting proposals this month to select a suitable investor to extract and utilize the gas.

CPC Managing Director Dr. Mayura Neththikumara confirmed the news.He noted that the presence of natural gas in the Mannar Basin has been scientifically confirmed by the Sri Lanka Petroleum Development Authority.

Before the process moves forward, it will need approval from the Procurement Committee.Once approved, interested investors will be given approximately five months to submit their applications.

This marks a key step toward developing Sri Lanka’s offshore gas resources and attracting investment into the energy sector.