The Nigeria Liquefied Natural Gas (NLNG) Limited on Tuesday said it supplied 275,000MT of Liquefied Petroleum Gas (LPG) to the domestic market in 2019.
NLNG Managing Director, Tony Attah, made this known during a panel session at the ongoing Fourth Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos.
The News Agency of Nigeria (NAN) reports that session had the theme: “New Approaches to Sub Saharan Africa Gas Industry, Gas Monetisation and the Importance of LNG and Gas to Power Projects.”
Mr Attah, who was represented by Adeleye Falade, General Manager, Production, NLNG, said the company was targeting to increase its supply of LPG, also known as cooking gas, to the domestic market to 350,000MT in 2020.
He said the desire of the NLNG to deepen LPG penetration in Nigeria was aimed at creating a healthy life for Nigerians by giving them access to clean source of energy for cooking.
Mr Attach noted that apart from the domestic usage, about 60 per cent of gas was being supplied to power generation plants across the country for electricity purposes.
He said the Train 7 project recently initiated by the NLNG is a commitment to its corporate vision of helping to build a better Nigeria.
“The Train 7 project will ramp up NLNG’s production capacity by 35 per cent from 22 million MTPA to around 30 million MTPA.
“The project is anticipated to create about 12,000 new jobs and an additional 40,000 indirect jobs. This translates to more gas, more taxes and more revenue,” he said.
Mr Attah said Nigeria is a gas country, noting that it was time to use the product to drive the nation’s human capacity development and economic growth.
Also speaking, the President of the Nigeria Gas Association, Audrey Joe-Ezigbo, said investors would be attracted to the industry when there was a proper regulatory landscape where contract is respected.
She said lack of infrastructure was another factor which needed to be urgently addressed for Nigeria to start reaping the benefits of its huge gas deposits.
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...