Large number of Nigerians may soon have access to make use of Petroleum Liquefied Gas (LPG), otherwise known as cooking gas because the Nigerian National Petroleum Corporation (NNPC) is set to implement a commercial framework that would halt the export of propane and butane which are major components in the production of the commodity.
According to a statement signed by Ndu Ughamadu, group general manager, public affairs he explained that the move to stop the export of propane and butane which is anchored by the Crude Oil Marketing Division of the Corporation would enable the corporation boost supply of LPG to the domestic market thereby leading to a natural downward slide in the price of the product in the country.
The statement which quoted Mele Kyari, NNPC’s group general manager, Crude Oil Marketing Division (COMD) as saying: “Currently some of our butane and propane entitlements are exported largely due to lack of vessels to make sure that these things come into the domestic markets and the absence of a commercial framework. What we are going to do is to make sure we put the right commercial framework in place so that those exports are converted into domestic consumption”.
Mallam Kyari who disclosed this at a strategy session said the Division was working in concert with stakeholders to create the enabling environment for in-country production of LPG and cessation of export of the country’s equity butane and propane entitlements due to absence of in-country vessels for transport and other considerations.
The NNPC boss said that the goal of the Division in 2019 is to complete the automation process in the marketing and sale of Nigerian crude oil grades which teed-off in 2017, noting that all hands must be on deck to achieve 100 percent, end-to-end conclusion