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Message: <blockquote data-quote="monson" data-source="post: 24263309" data-attributes="member: 30005">Korean LNG project: Deadline extended again for counter proposalshe deadline has been extended yet again for international bidders to counter a South Korean proposal for an offshore floating storage and regasification unit (FSRU), pipeline and liquefied natural gas (LNG).This is the third time the closing date for the controversial Swiss Challenge was changed by the Power and Energy Ministry. The bid was first advertised amidst political turmoil in October 2018 with the deadline being cited as December 12 or just five weeks later. This was extended till January 31 this year.More:<a href="http://www.sundaytimes.lk/190303/news/korean-lng-project-deadline-extended-again-for-counter-proposals-338987.html" target="_blank">http://www.sundaytimes.lk/190303/news/korean-lng-project-deadline-extended-again-for-counter-proposals-338987.html</a>ECT at seashore of proposalsPorts and Shipping Minister Sagala Ratnayake is likely to seek cabinet approval to procure equipment for the East Container Terminal (ECT) amidst another pending proposal for a Japan-India-Sri Lanka consortium to run it.  It is learnt that Indian and Japanese involvement with a minority shareholding by the Sri Lanka Ports Authority (SLPA), proposed about four months back, is also under review.The Japanese government had submitted an MOU with the said proposal stating that they were willing to provide equipment free of charge on the condition that it would be managed by a consortium comprised of Japan and India with SLPA as a minority stakeholder.Minister Ratnayake’s proposal is similar to the proposal made by his predecessor, former Minister Mahinda Samarasinghe submitted about three months back to the cabinet for approval to purchase equipment for the commissioning of the ECT.The equipment stated was to procure five ship-to-shore cranes, 15 RTGs using SLPA funds.More:<a href="http://www.sundaytimes.lk/190303/business-times/ect-at-seashore-of-proposals-338652.html?" target="_blank">http://www.sundaytimes.lk/190303/business-times/ect-at-seashore-of-proposals-338652.html?</a></blockquote>

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