Sri Lanka's minister for power and energy, Patali Champika Ranawaka, on Monday denied reports that there is a fuel shortage in the country, reports Colombo Page.
Also rejecting reports that Ceylon Petroleum Corporation was incurring losses, Mr Ranawaka, pledged that Sri Lanka will begin natural gas production by the end of this year.
He called for a "strong legal framework" for the oil and gas, stating that without such a framework Sri Lanka would not be able to attract investors.
Natural gas wells were found off the coast of Mannar in 2011 by the Cairn company.
Also rejecting reports that Ceylon Petroleum Corporation was incurring losses, Mr Ranawaka, pledged that Sri Lanka will begin natural gas production by the end of this year.
He called for a "strong legal framework" for the oil and gas, stating that without such a framework Sri Lanka would not be able to attract investors.
Natural gas wells were found off the coast of Mannar in 2011 by the Cairn company.