The board of directors of Nigeria LNG Limited, NLNG, has approved the supply of 100 percent of the company’s liquefied petroleum gas (LPG) production (propane and butane) to the Nigerian market.
NLNG is currently the largest single supplier of LPG in the domestic market, with an estimated 400,000 metric tons, MT, supplied in 2021.
In a statement Thursday, NLNG said the development will collapse the price of cooking gas, which has been rising since March 2021.
The statement quoted the company’s Managing Director/CEO, Dr. Philip Mshelbila, as expressing a strong commitment to the continued growth of the domestic LPG market and his passion for increasing the utilization of one of the world’s most versatile energy sources.
He said: “Committing 100% of our LPG supply is an important milestone in our domestic gas supply journey.
“We supplied our first cargo of butane (LPG) to the domestic market in 2007, which helped develop the Nigerian LPG industry over the years from less than 50,000 tonnes to over a million tonnes in market size. annual by the end of 2020”.
According to him, in 2021, the company increased the LPG supply commitment from 350,000 MT or 28 m of 12.5 kg cylinders to the actual delivery of 400,000 MT or 32 m of 12.5 kg cylinders, thus directing the largest part of our production to the national market.
“But this was not enough for NLNG, hence this commitment to do everything possible and supply 100% of our LPG production to the domestic market,” Mshelbila added.