{"id":147644,"date":"2015-07-19T00:35:14","date_gmt":"2015-07-18T19:05:14","guid":{"rendered":"https:\/\/www.colombotelegraph.com\/?p=147644"},"modified":"2015-08-07T16:26:53","modified_gmt":"2015-08-07T10:56:53","slug":"shell-gas-comeback-bid-to-jeopardize-state-run-litro-gas-tender-procedure-circumvented","status":"publish","type":"post","link":"https:\/\/www.colombotelegraph.com\/index.php\/shell-gas-comeback-bid-to-jeopardize-state-run-litro-gas-tender-procedure-circumvented\/","title":{"rendered":"Shell Gas Comeback Bid To Jeopardize State Run Litro Gas: Tender Procedure \u201cCircumvented\u201d?"},"content":{"rendered":"<p>Shell Gas, the largest player in the Sri Lanka\u2019s gas industry at one point, is set to return to the country\u2019s market by edging out Litro Gas, the state run gas company.<\/p>\n<div id=\"attachment_145180\" style=\"width: 210px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2015\/05\/Ravi-.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-145180\" class=\"size-full wp-image-145180\" src=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2015\/05\/Ravi-.jpg\" alt=\"Finance Minister Ravi Karunanayake\" width=\"200\" height=\"201\" srcset=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2015\/05\/Ravi-.jpg 200w, https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2015\/05\/Ravi--150x150.jpg 150w, https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2015\/05\/Ravi--50x50.jpg 50w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><p id=\"caption-attachment-145180\" class=\"wp-caption-text\">Finance Minister Ravi Karunanayake<\/p><\/div>\n<p>A delegation from Shell is scheduled to hold discussions with Lankan authorities on Monday over the comeback bid, Colombo Telegraph is now in a position to reveal.<\/p>\n<p>However, it learnt that Shell has got the green light to re-enter into Lankan market without a proper tender procedure. This year, 34 companies had sent tender applications to be Sri Lanka\u2019s gas supplier. However, Shell has managed to circumvent the tender process and has now become the front-runner for the bid.<\/p>\n<p>Shell had close connections with Finance Minister <a href=\"https:\/\/www.colombotelegraph.com\/?s=Ravi+Karunanayake&amp;x=11&amp;y=8\"><span style=\"text-decoration: underline;\">Ravi Karunanayake<\/span><\/a> and former President <a href=\"https:\/\/www.colombotelegraph.com\/?s=Chandrika+Kumaratunga&amp;x=11&amp;y=6\"><span style=\"text-decoration: underline;\">Chandrika Kumaratunga<\/span><\/a>.<\/p>\n<p>Shell had to pull out of Sri Lanka after the government bought back Royal Dutch Shell&#8217;s stake in the part privatized gas company, Shell Gas Lanka. Shell\u2019s decision to sell followed long running quarrels with the Government over the price at which the company could sell gas in the country. The $63 million sale returns the LP gas business in Sri Lanka to 100% state ownership.<\/p>\n<p>Former President Mahinda Rajapaksa\u2019s government had been at loggerheads with the oil and gas giant over the price at which gas is sold: the government insisted gas be sold at less than international market prices.<\/p>\n<p>Following the development, Litro gas was formed by the Sri Lankan government with Sri Lanka Insurance being its majority shareholder. Litro gas is presently the biggest player in the Lankan gas industry.<\/p>\n<p>Shell\u2019s comeback bid is likely to jeopardize the operations of the state-run Litro Gas, industry sources told Colomb Telegraph on Saturday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":145180,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,1,6969,2375],"tags":[],"class_list":["post-147644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-colombotelegraph","category-news","category-popular-stories","category-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shell Gas Comeback Bid To Jeopardize State Run Litro Gas: Tender Procedure \u201cCircumvented\u201d? - Colombo Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.colombotelegraph.com\/index.php\/shell-gas-comeback-bid-to-jeopardize-state-run-litro-gas-tender-procedure-circumvented\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shell Gas Comeback Bid To Jeopardize State Run Litro Gas: Tender Procedure \u201cCircumvented\u201d? - Colombo Telegraph\" \/>\n<meta property=\"og:description\" content=\"[&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.colombotelegraph.com\/index.php\/shell-gas-comeback-bid-to-jeopardize-state-run-litro-gas-tender-procedure-circumvented\/\" \/>\n<meta property=\"og:site_name\" content=\"Colombo Telegraph\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-18T19:05:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-08-07T10:56:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2015\/05\/Ravi-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"201\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"COLOMBO TELEGRAPH\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"COLOMBO TELEGRAPH\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.colombotelegraph.com\/index.php\/shell-gas-comeback-bid-to-jeopardize-state-run-litro-gas-tender-procedure-circumvented\/\",\"url\":\"https:\/\/www.colombotelegraph.com\/index.php\/shell-gas-comeback-bid-to-jeopardize-state-run-litro-gas-tender-procedure-circumvented\/\",\"name\":\"Shell Gas Comeback Bid To Jeopardize State Run Litro Gas: Tender Procedure \u201cCircumvented\u201d? 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