Cooking Gas Price may fall as NLNG supplies 100% products to market

The price of the cooking gas may crash in the country as Nigeria LNG Limited decided to direct 100% Liquefied Petroleum Gas (butane and propane) produced to the Nigerian market.

This was revealed in a statement by the NLNG on Thursday.

According to the statement, the company said it noted that it supplied its first propane cargo into the domestic market three months ago.

It added that it had developed a scheme to sustainably supply propane for usage in cooking gas blending as well as in agro-allied, autogas, power and petrochemical sectors of the Nigerian economy to further deepen gas utilisation in the country.

It said the initiatives were designed to increase LPG availability in Nigeria, diversify its uses and support the Federal Government’s Decade of Gas initiative.

The Managing Director and Chief Executive Officer, NLNG, Dr Philip Mshelbila, said the announcement showed that the company is dedicated to continued growth of the domestic LPG market and its passion to increase utilisation of one of the most versatile energy sources in the world.

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His words: “Committing 100 per cent of our LPG supply is a major milestone in our journey of domestic gas supply. We supplied our first butane cargo into the domestic market in 2007, which helped to develop over the years the LPG industry in Nigeria from less than 50,000 tonnes to over 1 million tonnes market size annually by the end of 2020.

“In 2021, we increased our LPG supply commitment from 350,000 metric tonnes (or 28 million 12.5kg cylinders) to actual delivery of

“But this was not enough for NLNG, hence this commitment to do all that we possibly can and supply 100 per cent of our LPG production to the domestic market.”

According to Mshelbila, gas, as the cleanest of the fossil fuels, has become an essential energy source to be reckoned with during this energy transition period.

He said, “Other countries are revolutionising their energy industry to cut down on carbon emissions drastically. Nigeria should not be left out in this drive, considering its abundant gas resources.

“Gas is essential for life and living at the moment, because it can support everything we will need to develop our economy and create better living standards for Nigerians. We need to change the narrative, and NLNG is being pragmatic about it.”