The Petroleum Product Pricing Regulatory Agency (PPPRA), on Tuesday, said Nigeria’s record of 1 million metric tons consumption mark in Liquified Petroleum Gas (LPG) consumption has pushed it a step closer to the 5 million metric tons target by 2022.
The regulatory agency in a statement, said this was the first time the country would reach the 1 million consumption threshold. It attributed the development to the impact of the Federal Government’s National Gas Policy of 2017.
“With the sustained growth in the sector, Nigeria is on track to meet the 5 million MT by 2022 target, set in the Nigeria Gas Policy (NGP) of 2017. This translates to an average of 1million MT/year. This comes with an emphasis to sustain and ramp up intervention efforts and initiatives of the government and other stakeholders,” said Abdulkadir Saidu, the executive secretary of PPPRA.
Available records show Nigeria consumed 840,594.37 MT LPG in 2019, indicating an increase of 60.5 percent over 635,452.061 MT recorded in 2018.
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The PPPRA said the over 1million metric tons 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.
PPPRA said 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 utilisation milestone is a testimony to the progress made so far in ensuring the provision of alternative sources of fuelling to Nigerians in place of the traditional PMS, AGO and DPK and altering the nation’s energy mix in favour of locally-available options.”
The Nigeria Liquefied Natural Gas (NLNG) Limited has increased its allocation of LPG to the domestic market from 350, 000MT to 450,000MT in 2021 in order to support the goal. Also, 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.
