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Nigeria LNG Limited (NLNG) has called on the domestic Liquified Petroleum Gas (LPG) stakeholders to make more investment in gas to ensure a steady supply of the product to the market.
NLNG’s Managing Director and Chief Executive Officer, Dr. Philip Mshelbila, stated this at a conference in Lagos, marking the 15th year of domestic LPG supply in conjunction with the Nigerian LPG Association (NLPGA).
He emphasized the need for an increased investment, as this would intentionally spark commitment along the value chain, including vertical integrations.
The Director further said that NLNG is playing its own part of enhancing gas supply and gas quality, by investing in Train 7, which will add about 35% to its current capacity when completed.
Therefore, he called on other LPG producers to invest by providing the product to domestic markets, rather than the current exportation hikes being recorded.
Dr. Mshelbila further said that although the ravaging flood is impeding operations, there are measures in place to ensure that normalcy is returned.
“We continue to load and ship LPG to the domestic market. Therefore, we reassure Nigerians of our ongoing operations in the immediate and look forward to an urgent return to normalcy. Prior to the flooding, we were contending with the unrelenting effects of crude oil theft, which directly and severely impacted the supply of associated gas to our plant by the upstream producers. We recognize the strides being made to address this by the Government and its agencies and hope that this will soon translate into improved gas supply to our plant in Bonny,” he noted.
He continued his plea for more radical investments, stating what NLNG has achieved so far and the prospects.
“Today, the Nigeria Liquefied Petroleum Gas Association (NLPGA) in collaboration with Nigeria LNG Limited (NLNG) is celebrating the 15th anniversary of uninterrupted supply of domestic LPG in the country. The intervention has seen the supply of LPG grow from 60,000MT in 2007 to over a 1.3million MT in 2021 (a growth of over 1,000%). Today, the Nigerian LPG market is adjudged the fastest-growing globally.
“NLNG has invested in a 13,000MT dedicated LPG carrier and security escort vessels facilitating efficient deliveries to Lagos and Port Harcourt terminals, invested in the refurbishment of the Lagos receiving terminal improving coastal delivery of LPG. It has also invested in throughput capacity at the Port-Harcourt Stockgap receiving terminal,” he said.
The Director continued to congratulate NLPGA for their efforts towards oil product sustainability over the past 15 years, and encouraged them to do more.
Source: Oriental N.Nigeria
