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Friday, January 14, 2022

NLNG set to supply cooking gas to Nigerian market to crash prices

 
The Nigeria Liquefied Natural Gas NLNG Limited (NLNG) says it will supply 100 per cent of its liquefied petroleum gas to the Nigerian market to crash the prices of cooking gas.

The NLNG on Thursday in a statement signed by Andy Odeh, the general manager, external relations and sustainable development, said it will prioritise the domestic market for 100 per cent of its butane and propane production.

It said the move is designed to increase LPG availability in Nigeria, diversify its use and support the federal government’s Decade of Gas initiative.

According to the statement, NLNG is currently the highest single supplier of LPG to the domestic market, with an estimated 400,000 metric tonnes supplied in 2021.

“The milestone is coming just three months after the company supplied its first propane cargo into the domestic market and has developed a scheme to sustainably supply propane for usage in cooking gas blending as well as in agro-allied, autogas, power and petrochemical sectors of the Nigerian economy to further deepen gas utilization in Nigeria,” the statement said.

The cost of cooking gas has been on the rise since the beginning of last year.
Before now, it has been reported how the hike in the prices of cooking gas has forced many women into harmful alternatives such as using firewood and charcoal for cooking.

In December, Mele Kyari, the NNPC Group Managing Director, at the inauguration of a 120-metric tonnes LPG storage and bottling plant by Emadeb Energy Services Limited, said the corporation is currently working towards increasing the supply of LPG, in a bid to force down its rising price in the country.

“Two things are in play, one is the supply and the other is the international price of gas,” he said at the time.

“It (price) moves with the price of every other petroleum product including crude oil and its derivatives. So it is a reflection of what is happening in the international market.

“What we are doing is to increase supply. Once the supply is increased the prices will come down.

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