The board of directors of Nigeria Liquified Natural Gas has announced that its approval to suspend of the export of Liquified Petroleum Gas (LPG)
It stated that 100% of the product (propane, butane) will henceforth, feed the Nigerian market.
The board noted that it supplied the first cargo into the local market 3 months ago.
PUNCH quotes the company as saying that it has developed a scheme to sustainably supply propane for usage in cooking gas blending as well as in agro-allied, autos, power and petrochemical sectors fo the country’s economy.
It said the initiatives were designed to increase LPG availability in Nigerian, diversify its uses and support government’s Decade of Gas Initiative.
The statement adds that NLNG is currently the single supplier of LPG into the domestic market with an estimated 400,000 metric tonnes in 2021.
Dr Philip Mshelbila, MD CEO of NLNG said that, “Committing 100% of our LPG supply is a major milestone in our journey of domestic gas supply.
“We supplied our first butane cargo into the domestic market in 2007, which helped to develop over the years the LPG industry in Nigeria from less than 50,000 tonnes to over 1 million tonnes market size annually by the end of 2020.
“In 2021, we increased our LPG supply commitment from 350,000 metric tonnes (or 28 million 12.5kg cylinders) to actual delivery of 400,000 metric tonnes (or 32 million 12.5kg cylinders) thereby directing most of our production into the domestic market.
“But this was not enough for NLNG, hence this commitment to do all that we possibly can and supply 100 per cent of our LPG production to the domestic market.”
According to Mshelbila, gas, as the cleanest of the fossil fuels, has become an essential energy source to be reckoned with during this energy transition period.
He said, “Other countries are revolutionising their energy industry to cut down on carbon emissions drastically. Nigeria should not be left out in this drive, considering its abundant gas resources.
“Gas is essential for life and living at the moment, because it can support everything we will need to develop our economy and create better living standards for Nigerians. We need to change the narrative, and NLNG is being pragmatic about it.”
The MD CEO of NLNG revealed that “Nigeria LNG Limited supplied LPG both to the Nigerian and international markets before now. With the decision of the Board of Directors, all of the company’s LPG production will be delivered to the domestic market.”
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