The Nigeria Liquefied Natural Gas (NLNG) Limited says it will increase its supply of Liquefied Petroleum Gas (LPG) to the domestic market from 350,000 metric tons (MT) to 450,000MT by 2021.
It says the move is aimed at supporting the Federal Government’s plans to deepen the penetration of LPG (cooking gas) in the country.
Mr Tony Attah, Managing Director of NLNG, said this on Thursday at a webinar organised by the Oil and Gas Group of the Nigerian-British Chamber of Commerce (NBCC).
The webinar has “Oil and Gas Downstream and Midstream Sectors: The Way Forward” as its theme.
Attah said that Nigeria, with its vast gas resources and a proven reserve of 203TCF, was in a privileged position to use gas to drive the nation’s human capacity development and economic growth.
He said that the declaration of 2020 as the “Year of Gas” by the Federal Government was not sufficient, adding a whole decade should be dedicated to utilisation of gas so as to transform the country.
According to him, the desire of the NLNG to deepen LPG penetration in Nigeria is aimed at creating a healthy life for Nigerians by giving them access to clean source of energy for cooking.
“In 2007, total consumption of LPG in Nigeria was about 50,000MT. Today, it is about one million metric tons and NLNG’s contribution is 350,000MT.
“We have approached our Board to get a mandate to increase NLNG’s contribution to 450,000MT from next year; that’s a very positive contribution from NLNG,” he said.
Attah noted that apart from the domestic usage, about 60 per cent of the gas produced was supplied to power generation plants across the country for electricity purposes.
He stressed that this would help create jobs for the citizens, while strengthening efforts to reposition the nation’s economy, following the challenges caused by the COVID-19 pandemic.
He said that the world was moving toward cleaner energy sources, adding that increased utilisation of gas would enable Nigeria to become a key player in the energy mix transition.