Laugfs Gas explores partial or full exit from terminal subsidiary

Daily Mirror, Daily FT, EconomyNext and WhatNews (සිංහල) report that Laugfs Gas PLC disclosed it was holding informal, preliminary discussions with interested parties about strategic options for its wholly owned subsidiary, Laugfs Terminals Ltd. The company made the disclosure to the Colombo Stock Exchange.

EconomyNext reports that the subsidiary owns and operates a 30,000-tonne LPG terminal at Hambantota International Port. Daily Mirror, Daily FT and EconomyNext say the options include investment and commercial collaboration, alongside the possible disposal of part or all of Laugfs Gas’s shareholding.

EconomyNext reports that Laugfs Gas said no agreement had been reached on a transaction’s structure or terms and that no definitive agreement had been signed. It also reports that the financial impact could not yet be determined because the discussions are preliminary.

EconomyNext reports that the company has faced periodic LPG supply shortages, including a disruption in early 2026, and that shortages had continued for several weeks in some areas in October 2026.