Thursday, August 11, 2022

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Litro denies false media claims regarding contract on gas imports

Litro Gas Company has issued a press release regarding recent media reports on a gas import contract and the international purchase of Litro Gas Lanka Company, calling them to be false.

Clarification of Litro Gas Lanka Company regarding the false statements made by the media regarding the gas import contract and international purchase of Litro Gas Lanka Company.

Litro Gas Lanka Company strongly denies the media reports that the company has misled the Cabinet and the Litro Company engaged in financial misappropriation. It says that Litro Gas Company’s Board of Directors is bound to implement cabinet decisions as a government subsidiary.

Also, Litro Gas Lanka Company said that failure of the state treasury, local or international financial institutions to provide 37M$ standby debenture letter (SBLC) to Siam Gas, the low bidder in the 2022-2023 Litro Gas international tender and because Siam Gas Company refused to provide gas without SBLC, the gas supply tender was stopped on the decision of the cabinet.

The Oman trading company was selected for the supply of 100,000 metric tons of gas under the World Bank financial facility. In calling for prices for short-term purchase, Siam Gas Company, which quoted the lowest price, has informed Litro Gas that the company cannot supply the required amount of gas at the same time for the current high demand in the market.

In the short-term call for 15,000 metric tons of gas, Siam Gas company offered a price of $112 USD per one metric ton of gas, but the company denies media reports that the price offered by Siam gas company was $96 USD.

Litro Gas Lanka Company also denies the false statement that Litro Gas Lanka Company has not imported any gas for the month of June 2022. The company insists that it has imported 6976 metric tons of gas for the month of June and for that the company has paid US$ 105 per metric ton of gas.

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