in , , ,

PPPRA: Cooking gas consumption tops one million metric tons

Consumption of domestic Liquefied Petroleum Gas (cooking gas) exceeded one million metric tons for the first time in 2020, the Petroleum Products Pricing Regulatory Agency (PPPRA), has said.

PPPRA in statement by its Executive Secretary, Abdulkadir Saidu, Tuesday, said 840,594.37 MT LPG was consumed in 2019.

Saidu said the latest consumption figure indicated an increase of 60.5 percent over 635,452.061MT recorded in 2018.

According to him, “This steady and sustained pattern of growth culminating in the over one million metric tonnes of LPG domestic consumption milestone in 2020 has placed the country first in West Africa and one of the leading LPG consuming nations on the continent”.

He pointed out that with the feat, “the country is on track to meet the 5million MT by 2022 target, set in the Nigeria Gas Policy (NGP) of 2017, which translates to an average of 1million MT/year, provided we collectively sustain and ramp up intervention efforts and initiatives of government and all stakeholders.

“The Federal Government’s resolve to deepen LPG penetration in the country seeks to create a healthier life for all Nigerians by providing access to a cleaner source of energy for cooking, vehicular transportation and other domestic uses.

“The attainment of the one million MT domestic utilization milestone is a testimony to the progress made so far in ensuring the provision of alternative sources of fueling to Nigerians in place of the traditional PMS, AGO and DPK and altering the nation’s energy mix in favour of locally-available options,” he added.

Saidu added that the Nigeria Liquefied Natural Gas Limited has already increased its allocation of LPG to the domestic market from 350, 000MT to 450, 000MT in 2021 “in order to support this laudable goal.

He explained further that “the Nigerian National Petroleum Corporation, NNPC, recently commenced LPG production and load-out in its newly commissioned Nigerian Petroleum Development Company Limited (NPDC) Oredo Gas handling facility, which has an estimated production stream of 330MT daily.

“The remarkable growth in the domestic LPG market remains largely driven by the impact of the Federal Government’s policies and programmes, coupled with the efforts of relevant stakeholders and regulatory bodies in the industry, all of which have led to the entrance of new players (investors) in the sector due to the creation of an enabling environment”.

Written by ExpressDay

Leave a Reply

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

Price of cooking gas rises by 0.12% – NBS

Onu challenges Nigerian engineers on industrialization