November 30, 2020
  • November 30, 2020
  • Home
  • Business
  • Nigerian gas firm, NLNG to increase local supply 28.57% by 2021
NLNG

Nigerian gas firm, NLNG to increase local supply 28.57% by 2021

By on November 12, 2020 0 98 Views

The Nigeria Liquefied Natural Gas (NLNG) Limited has said that it will increase its allocation of Liquefied Petroleum Gas (LPG) to the domestic market by 28.57 percent in 2021 to 450,000MT from 350,000MT.

According to the chief executive officer of the gas company, the move was aimed at supporting the government’s plan to deepen LPG (cooking gas) penetration in Nigeria.

NLNG CEO, Tony Attah said a webinar organised by the Oil and Gas Group of the Nigerian-British Chamber of Commerce (NBCC) said that with Nigeria being a gas country with a proven reserve of 203TCF, it was time to use the product to drive the nation’s human capacity development and economic growth.

He said the declaration of the year 2020 as the Year of Gas by the Federal Government was not sufficient, stressing that a decade should be dedicated to the utilisation of gas to transform the country.

The HLNG CEO said 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 a clean source of energy for cooking.

READ ALSO: A US court blocks Nigeria’s access to documents on P&ID $10 bln claims

“In 2007, the total consumption of LPG in Nigeria was about 50,000MT. Today, it is about one million metric tonnes 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 is a very positive contribution from NLNG,“ Attah said.

He noted that apart from the domestic usage, about 60 percent of gas was being supplied to power generation plants across the country for electricity purposes.

He said this would help create jobs for Nigerians and help to reposition the nation’s economy following the challenges caused by the COVID-19 pandemic. He said the world was moving toward cleaner energy sources, adding that gas would afford Nigeria the opportunity to become a key player in the energy transition mix.

Want more Updates? Join 200+ subscribers on our mailing list!

Leave a comment

Your email address will not be published. Required fields are marked *