News
Energy consultant slams deal with NFE as being dubious and ambiguous
By Rathindra Kuruwita
The Kerawalapitiya deal between Sri Lanka and US, based New Fortress Energy (NFE) had been finalised within three months and it was by far one of the fastest such deals in the world, Nimal de Silva, Consultant – Oil and Gas Exploration, yesterday said.
“This agreement is dubious and ambiguous. This is NEF’s first deal of this nature outside the Americas. They had earlier approached Ireland and the Philippines, but even after trying for a year, they couldn’t reach an agreement with those countries,” de Silva said.
Wes Edens, the CEO of NFE, was known as a ruthless go-getter, de Silva said. Edens visited Sri Lanka on 12 January 2021 and met then Finance Minister Mahinda Rajapaksa and others, according to de Silva.
“After the meeting, the Prime Minister’s Media issued a press release that Edens had shown interest in investing in tourism, transport and renewable energy. There was no mention that Edens had expressed interest in investing in an LNG plant. On 18 February 2021, the Ceylon Electricity Board (CEB) gazetted a tender for an LNG plant in Kelawarapitiya. On March 05, a foundation stone for the construction of Sri Lanka’s first LNG power plant was laid at Kerawalapitiya. Making an emotional speech there, then Minister of Power, Dullas Alahapperuma said that they could sell a unit of power at Rs. 15,” de Silva said.
However, according to a report by NFE on a meeting Edens held with his main investors, on March 16, the NFE CEO claimed that they had secured their first deal in Asia. Edens had also said that they can purchase a metric million British thermal units (mmBtu) of LNG at USD 3.50 and will sell at around USD 10, the energy consultant said. “Initially, it was said that NFE would sell a unit of energy at about nine cents (USD) but there are three pricing formulas in this agreement and prices can vary from Rs. 24 per unit to Rs. 42 per unit, based on the formula. If we have learnt anything from history it is that nothing good comes out of such a dodgy agreement. However, the real problem is not the sale of shares but the fact that we have given NFE the contract to supply LNG, usually the client keeps that part of the deal,” he said.
De Silva said that usually the LNG was not supplied by the contractor because that’s where billions of dollars were spent. He added that Qatar and Australia were the two leading producers of LNG in the world. Indonesia and Malaysia also produced LNG. Given that Sri Lanka was friendly with all those nations, it could have procured an mmBtu at around USD 7 through a direct agreement with any of those governments, De Silva said.
“NFE is to get the LNG from Cameron because US companies are now investing in African nations that have found oil. NFE will get an mmBtu at around USD 3.50 and will make a killing. This is the first LNG contract they got outside the Americas and probably the best one,” he said.
News
Delay in govt. response to UK sanctions on ex-military chiefs, and others causes concern
Admiral of the Fleet Wasantha Karannagoda said that he is still waiting for the government’s response to the UK sanctions imposed on three ex-military officers, including him, and a former member of the LTTE.
The former Navy Chief said so in response to The Island query whether he was aware of the position taken by a three-member ministerial committee, consisting of Foreign Minister Vijitha Herath, Justice and National Integration Minister Harshana Nanayakkara and Deputy Defence Minister Maj. Gen (retd) Aruna Jayasekera.
The government named the committee in the wake of the UK declaration of travel bans and asset freezes in respect of Karannagoda, General Shavendra Silva, General Jagath Jayasuriya and Vinayagamoorthy Muralitharan, also known as Karuna. Maj. Gen. Jayasekera said that they inquired into the issue at hand.
Karannnagoda said that he would like to know the government’s recommendations if the ministerial committee briefed the Cabinet as per a decision taken by the Cabinet of Ministers. Karannagoda said that the issue should have been taken at the highest level as various interested parties continue to humiliate the war-winning military by targeting selected individuals.
Other sources, familiar with the issues at hand, told The Island that the government was yet to announce its stand.
Sources pointed out that the Opposition has been silent on what they called a matter of utmost national importance.
Cabinet spokesman Dr. Nalinda Jayathissa is on record as having described the UK move as a unilateral move and that committee was formed to examine the developments and recommend appropriate measures to the Cabinet.
Foreign Minister Herath told The Island the government was not successful in getting the British to withdraw sanctions. Describing the UK decision as unilateral, the Miniser said that the government conveyed its concerns but the UK didn’t change its stand.
The Island raised the issue with Minister Herath and Admiral Karannagoda in the wake of British MP of Sri Lankan origin, Uma Kumaran requesting the UK Foreign Secretary Yvette Cooper to expand on the government’s sanctions imposed on the four above-mentioned persons.
During a Foreign Affairs Committee meeting on 16 December, the MP for Stratford and Bow highlighted the lack of accountability and political will from the current Sri Lankan government to address war crimes and mass atrocities committed in Sri Lanka.
Sources said that David Lammy, who served as Secretary of State for Foreign, Commonwealth and Development Affairs at the time of the declaration of sanctions, had no qualms in declaring that the action taken against four Sri Lankans was in line with a commitment he made during the election campaign to ensure those responsible wouldn’t be allowed impunity. The UK government statement quoted Lammy as having said that this decision ensured that those responsible for past human rights violations and abuses were held accountable.
By Shamindra Ferdinando
News
Sri Lanka outlines seven key vectors of international cooperation at Moscow forum
Sri Lankan Ambassador to the Russian Federation, Shobini Gunasekera recently presented a conceptual framework of seven key vectors that defined contemporary international relations and facilitated dialogue among States. She made the presentation at XI Moscow International Financial and Economic Forum held under the theme “Building Bridges: Partnership without Borders”.
In her address, the Ambassador emphasised that these vectors represent the channels through which ideas circulate, trade expands, and peace is strengthened, serving as guiding principles for cooperation amid global uncertainties. The seven key vectors highlighted were economic ties as a foundation for long-term stability; political choice and diplomacy through dialogue and multilateral engagement; security cooperation to address cross-border threats; cultural linkages through education, tourism, and professional exchanges; technological advancement, particularly in digital systems and artificial intelligence; environmental stewardship through collective action on renewable energy and climate change; and humanitarian obligations, including disaster relief and development cooperation.
Drawing on Sri Lanka’s experience, the Ambassador illustrated the practical application of these principles by highlighting the country’s strategic location in the Indian Ocean, its role as a trade and logistics hub, and its active engagement in regional groupings such as BIMSTEC and the Indian Ocean Rim Association, where the Russian Federation serves as a Dialogue Partner.
The potential for enhanced Sri Lanka–Russia bilateral cooperation was underscored, particularly through complementarities between Russia’s technological and energy expertise and Sri Lanka’s logistical capabilities and maritime infrastructure. She noted that such synergies could support joint initiatives in trade, innovation, tourism, and logistics, while cultural and scientific exchanges would further strengthen mutual understanding between the two countries.
Concluding her remarks, the Ambassador stated that sustained progress requires dialogue, mutual respect, and forward-looking partnerships capable of shaping a shared and stable future.
News
Sri Lanka third most preferred destination for Indians
Thailand takes top place
Travel website Make My Trip has named Sri Lanka as the third most booked international destination by Indian travellers for the festive period, following Thailand and the United Arab Emirates (UAE).
According to a report released by MakeMyTrip, an analysis of booking trends between 20 December and January 2026 compared to the same period last year, highlighted a growing interest in Sri Lanka as a preferred destination.
Thailand ranked first, while the UAE secured second place. Vietnam recorded a notable rise, moving from seventh position last year to fourth this year, followed by Malaysia, Indonesia, Singapore, the UK, the US, and Hong Kong.
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