The Nigeria LNG Limited has approved an increase in the Liquefied Petroleum Gas dedicated for supply into the domestic market from 250,000 metric tonnes to 350,000 metric tonnes annually.
Its said a dedicated LPG vessel had been unable to discharge the product at the Apapa port since December the 29th, 2016 due to jetty unavailability, resulting in temporary product shortage in the market.
The NLNG said the recent delays in vessel discharges at the receiving facilities in Apapa, Lagos had also led to a temporary supply disruption over the last two to three weeks.
According to the General Manager, External Relations, NLNG, Kudo Eresia-Eke, Nigeria LNG’s price is based on an international price index plus 50 per cent of the shipping cost of delivering the product to receiving facilities in Apapa-Lagos.
