FG projects $10.38bn earnings from LPG in 2018

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The Federal Ministry of Petroleum Resources has estimated that $10.38 billion can be generated by 2018, if 50% of the current kerosene and firewood users switch over to Liquefied Petroleum Gas (LPG), popularly known as cooking gas, Vanguard reports.

It stated this in the recently approved National Gas Policy and added: “This switch will also help create over one million skilled jobs in various segments of the LPG supply value chain. In the same vein, the utilisation of LPG can also generate far reaching positive outcomes for our public health and environment as well as saving cost for government at all tiers.”

The policy noted that, the overall goal of the government is to promote a wider use of the product in domestic, power generation, autogas and industrial applications towards the attainment of five million metric tonnes, utilisation in five years.