officials to take over purchase of Litro gas By Damith Wickremasekara View(s): View(s):A Government-appointed committee of officials headed by the Deputy Treasury Secretary is to take over the purchase of gas for the state-owned Litro Gas Lanka Ltd for the next six months, turning down a request by the company to increase prices. Two representatives from Litro Gas and LAUGFS Gas will also be included. A senior Treasury official said the committee would rely on competitive bidding for the purchase of gas. A gas terminal currently used by Laugfs with a capacity of 30,000 Mt at Hambantota will be used for storage, he said. The move comes as the Government proposed for Litro Gas Lanka Ltd to buy 40 percent of the private LAUGFS Gas Terminal International Company (LGTIC) that operates a tank farm in Hambantota.

Source: Sunday Times June 27, 2021 00:33 UTC