OQ Trading ousts Siam Gas in latest LP tender
In the wake of the recent unexpected 12.5 kg LP gas price hike by Rs. 80, Litro Gas Lanka Ltd is set to award the latest one year term tender of 280,000 metric tonnes of LP gas to Oman Company, OQ Trading in accordance with the endorsement of the Standing Cabinet appointed Procurement Committee. Only two bids were considered.
OQ Trading has been selected on the recommendation of the technical evaluation committee, Litro Gas sources said.
Siam Gas Trading Pte Ltd, the only other bidder, was unsuccessful for the second time this year on the grounds that it has failed to submit the Expression of Interest (EOI) from the vessel owners indicating their willingness to release the vessel for this assignment under given time period.
Litro Gas Lanka called this fresh LP Gas tender for the year 2023 tentatively commencing from November 2022 from eligible and qualified bidders to meet the demand of domestic consumers. The new tender was floated following the cancellation of the previous tender of the same quantity of LP Gas awarded to Siam Gas at US$96 per MT and opting to buy 100,000 MT of gas at a cost of $129 per metric ton from the Oman company. However Siam Gas has appealed to the Procurement Appeal Board at the Presidential Secretariat in Colombo urging it to open their bid for consideration as they were rejected unreasonably without opening their bid.
In their appeal they have brought to the notice of the committee that in the Oil and Gas Transportation, the intended Suppliers procure the required vessels through accepted and reputable Ship Brokers and does not deal directly with the Ship Owners, until such time Time-Charter Agreements are signed, for such nominated vessels, upon being the successful supplier.
“This practice is in place for our movement of over 2 million MT of LP Gas annually supplied by Siam Gas to customers worldwide,” the company added.
Siam Gas Trading Pte Ltd submitted the Expression of Interest, as requested by Litro Gas Lanka Ltd, through its Ship Broker which has not been considered by the technical evaluation committee.
Hitad.lk has you covered with quality used or brand new cars for sale that are budget friendly yet reliable! Now is the time to sell your old ride for something more attractive to today's modern automotive market demands. Browse through our selection of affordable options now on Hitad.lk before deciding on what will work best for you!