NLNG plans to increase LPG supply by 40% – MD

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 The Nigeria Liquified Natural Gas Limited (NLNG), has concluded plans to increase the supply of liquefied petroleum gas, otherwise known as cooking gas, from 250,000 tonnes to 350,000 tonnes, an increase of 40 per cent this year, Independent reports.

Mr. Tony Attah, Managing Director of the company, made the disclosure at the presentation of the ‘facts and figures on NLNG 2017’ in Lagos that the development was sequel to the determination of the organisation to meet the rising demand in the domestic market. He said that already, the company has signed Sales and Purchase Agreements (SPAs) with Nigerian companies to ensure that LPG is successfully lifted to the domestic market.

 Attah pointed out that the company commenced the supply of cooking gas to the domestic market in 2007. He stated that the intervention has significantly contributed to the stimulation and development of the domestic LPG market both in terms of increased private sector investment across the LPG value chain, as well as increased consumption which grew to over 320,000 metric tonnes in 2015. Attah also disclosed that the intervention has helped to stabilise the price of cooking gas in the country.