By Moses Ebosele, ebosele@hotmail.com
As part of measures to crash rising price of Liquefied Petroleum Gas(LPG) also identified as cooking gas, the Nigeria Liquefied Natural Gas (NLNG) has resolved to cut its LPG exports and increase supply to domestic market.
Speaking at the National Association of Energy Correspondents(NAEC) in Lagos, Managing Director of NLNG,Philip Mshelbila said: “As part of measures to support the Federal Government’s efforts to deepen domestic gas supply and economic growth, Nigeria LNG is reducing LPG exports and increasing supplies to domestic market.”
“NLNG is now increasing supply to domestic market to 450,000 metric tons mt per annum,” Mshebilia said.
It was supplying 250,000 mt/year to the domestic market and exporting the balance of its output to Western markets.
To meet the rise in the supply volume, NLNG said it had increased the number of offtakers to 43 from the initial six contracted in 2007.
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC)Mele Kyari explained that Nigeria requires up to $2.7 billion to revamp LPG and other gas distribution infrastructure in the country.
