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Home News Business & Economy

NLNG clarifies on volume of cooking gas supplied into Nigerian market in 2023

Mediatracnet by Mediatracnet
March 2, 2024
in Business & Economy, News
0
Nigeria LNG signs MoU with USAID to eliminate malaria in Bonny

Nigeria LNG Limited (NLNG) supplied 493,000 metric tons of Liquified Petroleum Gas (LPG), popularly called cooking gas, into the Nigerian domestic market in 2023, the company clarified in a statement in Port Harcourt.

The clarification followed reports that the company supplies LPG to meet the country’s current estimated 1.5 million metric tons national demand for the commodity.

“Currently, NLNG caters to 30% of the total LPG demand in the country, which is currently estimated to be about 1.5 million metric tons,” the company said in a statement sent to reporters on Friday.

“NLNG would like to clarify that it annually provides close to 500,000 metric tons of LPG to meet market demands. This is in pursuit of its commitment to deliver 100% of its LPG production to the domestic market, a decision made by the Company’s Board of Directors in 2022.

“In 2023, NLNG supplied 493,000 metric tons of LPG to the domestic market. In the preceding years, NLNG delivered 498,000 metric tons in 2022 and 399,000 in 2021,” the statement added.

Reaffirming its commitment to continue supplying LPG to the domestic market, the company said it remained focused on promoting increased gas utilization within the country and raising awareness about the use of clean gas for cooking to mitigate health risks associated with firewood usage.

“NLNG takes pride in its role in the LPG sector, facilitating the entry of more stakeholders into the LPG value chain and encouraging investments in infrastructure development to bolster sectoral growth.

This endeavour has contributed to the creation of additional employment and business opportunities in Nigeria,” it said.

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