Warning: getimagesize(https://media.energytimesonline.com/wp-content/uploads/2020/08/logo_n-removebg-preview-300x55.png): failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found in /home/energytimes/public_html/wp-content/plugins/td-cloud-library/shortcodes/header/tdb_header_logo.php on line 792
Saturday, June 19, 2021
Home Uncategorized Cooking Gas marketers laud NLNG over 450,000Metric Tons allocation to domestic market

Cooking Gas marketers laud NLNG over 450,000Metric Tons allocation to domestic market

- Advertisement -

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), has urged the Federal Government to mandate both local and International Oil Companies (IoCs) to sell Liquefied Petroleum Gas (LPG) to the domestic market.

In a statement by the President of the association, Nosakhare Ogieva-Okunbor, such action from government would ultimately improve LPG availability and lead to price stability.

Ogieva-Okunbor extend the association’s appreciation to the Management of Nigeria Liquefied Natural Gas (NLNG) on the recent announcement by the Managing Director, Mr Tony Attah that the gas company would increased allocation of Liquefied Petroleum Gas (LPG) from 350,000Metric Tons to 450,000Metric Tons by 2021 to the domestic market

The is  a major company’s contribution towards supporting the various Federal Government’s plan to deepen Liquefied Petroleum Gas (Cooking Gas) penetration in Nigeria.

With the involvement of NLNG in LPG industry in Nigeria, consumption of about 50,000MT in 2007 grew to about 900,000Metric Tons in 2019. As of today, with the massive investment inflow, strong advocacy and awareness campaigns on the part of NALPGAM, Federal Government agencies, industry stakeholders as well as government’s incentives the consumption and usage will grow exponentially and by the end of year 2020, it is estimated that domestic demand for LPG would have exceeded One million Metric Tonnes.

Nigeria produces about 4million Metric Tonnes of LPG per annum, largely for exports. Currently, the NLNG supplies about 40% of LPG in the domestic market while the remaining 60% is sourced by individual investors via imports.

And with the emergence of many private storage terminals in the country, sourcing of products have been wholly and solely dependent on imported LPG. The implication of this is that much pressure is put on the country’s foreign exchange to import a product that is abundantly available in the country.

“We therefore want to specially appeal to NLNG to further consider  increasing the domestic supply of LPG to the level that will reverse the current trend of the Nigerian market depending substantially on imported LPG product”.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Death toll from Lagos LPG tanker explosion rises to 5 — NEMA

The number of persons killed in Thursday’s gas tanker explosion at the Ogun State Property Investment Company (OPIC) Plaza in Ikeja has risen to...

Scores injured, 25 vehicles burnt in Lagos gas explosion 

A LPG tanker exploded at about 1032hour on Thursday on the Mobolaji Bank Anthony Way opposite Sheraton hotels and Towers. Ikeja. The explosion was alleged...

Lagos begins demolition of structures under power lines

The Lagos State Building Control Agency, (LASBCA), said it would embark on demolition of illegal structures constructed under high tension cables and others. A statement...

Lekan Akinyanmi in full control of Lekoil Nigeria

Lekan Akinyanmi remains in full control of Lekoil Nigeria Limited (Lekoil Nigeria), the company officially recognized by the Nigerian government as custodian of some...

Recent Comments