LPG market set to grow by 12,000 metric tonnes

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The president, Nigeria Liquefied Petroleum Gas Association (NLPGA), Dayo Adeshina, has said the Liquefied Petroleum Gas (LPG) market is expected to hit an additional storage capacity of about 12,000 metric tonnes, Vanguard reports.

Adeshina said this development will bring about better opportunities for Nigerians against the recent scarcity which led to a hike in the prices of LPG across the country. He stated: “Lagos is the major terminal for gas. But others are coming on stream which are Calabar and Port-Harcourt. It should be ready quarter two this year. There is another proposed one by Techno Oil and that will take another 18 months before it comes on stream.”

“Calabar is over 3000 tonnes, Port-Harcourt is between 8000 and 9000 tones, almost the same capacity as NAVGAS which has a storage capacity that can only accommodate 8,000 tonnes.” He added: ‘‘The current storage capacity is not where we want to be, but we will make a significant impact with the establishment. We are trying to see that the product can come from different areas and not just Lagos.”