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MemberSeptember 19, 2021 at 10:47 am
From Uche Usim, Abuja
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Thursday reported that 85,264.803 metric tonnes (MT) of liquified petroleum gas (LPG) was supplied nationwide in August.
The Executive Secretary of the agency, Abdulkadir Saidu made the disclosure in a statement.
A breakdown of the supply report shows that 38,040.457 MT was sourced locally by Ever Oil, Stockgap, NIPCO, 11 plc, Greenville Natural Gas, PNG Gas Ltd, NPDC and Ashtavinayak Hydrocarbon Ltd, while 47,224.346 MT was imported by NIPCO, Matrix, Algasco, Techno Oil, Prudent, AA Rano, Stockgap.
Additional analysis of the data on importation in the month of August shows that 21,606.301 MT was imported from the USA, while 13,044.266 was imported from Algeria and 12,573.779 MT was brought into the country from Equatorial Guinea.
The volume of LPG supplied in August suggests a decrease of about 21,959.781 MT compared to the 107,224.584 MT supplied in the month of July. In addition, 102,787.234MT was also supplied in the Month of June.
On the other hand, out of the 38,040.457 MT sourced locally, 7,042.058 MT was sourced by Ever oil, 9,429.761 MT by Stockgap, 7,687.112 MT by NIPCO, 4,761.626 MT by 11 plc and 440.380 MT by Greenville Rumuji, River State.
Also, the PNG Gas Ltd in Ebedei, Delta State supplied 651.490 MT into the market, while NPDC, Oredo, Benin State provided 1,055.310 MT and Ashtavinayak Hydrocarbon Ltd Kwale, Delta State, discharged 6,972.720MT.
Similarly, 11,262.04MT of propane was sourced locally and supplied into the energy market by NPDC and Ashtavinayak Hydrocarbon.
‘It is worthy to note that since the declaration of the “Decade of Gas” by President Muhammadu Buhari, GCFR and the Minister of State for Petroleum Resources, Mr Timipre Sylva, the nation has witnessed a significant increase in the volume of LPG produced locally. This is due to the commitment of the Federal Government in promoting gas penetration, to ensure a clean source of energy for cooking, power generation and transportation,’ Saidu said.
The Petroleum Industry Act (PIA) as the first law that recognises the Oil and Gas midstream sector will promote and protect gas-based investments and optimise the nation’s enormous gas potentials while ensuring that Nigeria transit to become a net-zero emission nation.
The PPPRA boss reiterated the agency’s continued support for the Federal Government’s policy to deepen LPG penetration in the country and create a healthy life for Nigerians.