The Nigeria Liquefied Natural Gas Limited reports that over the past 14 years, Nigeria’s consumption of LNG has increased by over 1,000%.
The claim was made at the Conference of the Nigerian Liquefied Petroleum Gas Association by Dr. Philip Mshelbila, Managing Director and Chief Executive Officer of NLNG.
He claimed that as a result of the NLPGA and NLNG’s intervention, the supply of LNG increased from 60,000MT in 2007 to over 1.3 million metric tons in 2021, an increase of more than 1,000%.
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Explaining further, he said NLNG had invested in a 13,000MT dedicated LPG carrier and security escort vessels facilitating efficient deliveries to Lagos and Port Harcourt terminal.
He noted that the Federal Government’s Decade of Gas program had further helped in driving interest in propane, which was evident in NLNG’s startup of domestic propane which witnessed its first delivery in September 2021.
Mshelbila said further interventions were required to reduce the switching cost to LPG to encourage more adoption, and reduce the cost of funding to support infrastructure expansion and growth.
“Also required is widespread dissemination of information on safe practices in the handling and use of LPG.
“NLNG intervened in 2007 to ease the challenges around the availability of LPG in Nigeria and since then, it has consistently made the product available in the domestic market. It has accepted buyers of all sizes, thus creating economic opportunities for Nigerian companies, leading to increased investment, improved local competence, creation of jobs, and increased economic activities within the country,” he said.
