NLNG to flood markets with cooking gas

Cooking gas

Cooking gas

Nigeria Liquefied Natural Gas (NLNG) has assured the public that it will make available 13,000 metric tonnes of cooking gas.

Mr Tony Okenedo, Manager, External Relations of NLNG told newsmen in Lagos on Friday that apart from this, additional 13,000 metric tonnes of the product would be released to the market immediately.

He explained that the company would continue to ensure adequate supply and price stability of the product.

“NLNG’s LPG vessel successfully discharged 13,000 metric tonnes of gas to Lagos jetty on Jan. 15.

“Another 13,000 metric tonnes is expected to be discharged any moment from now.

“The vessel has gone to load gas at NLNG’s facility in Bonny and it had returned to Lagos to discharge.

“It is awaiting other vessels that are discharging petroleum products to finish before it can discharge its cargo,’’ he said.

Okonedo said that the NLNG was alleviating the impact of price variations, insisting that the company would continue to work with stakeholders to stabilise gas price.

“We are also engaged with other public and private stakeholders along the domestic market value chain to stimulate price stability and growth.

“NLNG remains fully committed to the goals of ensuring gas supply,’’ he assured Nigerians.

However, Mr Bassey Essien, Executive Secretary, Nigerian Association of LPG Marketers (NALPGAM) told NAN that the price of cooking gas was still on the high side.

Essien said that NAV Gas Company was selling 20 metric tonnes of gas for about N5.5million as against N3.5million in November 2016.

“The practice of pricing LPG according to international price index remains a setback for the sector and if not addressed, it will erode the gains already recorded in deepening the usage of gas.”

“On the other hand, the weak exchange rate of the naira against the dollar has increased the price of gas,” Essien said.

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  • real

    why does the company have to ship the product to lagos port and incur all these cost and delay. why can’t they also sell this directly from their site to distributors and retailers, hence removing the cost of shipping it and all the landing cost associated. only in Nigeria do we produce a product locally and still incur shipping and landing cost. These product could be sold directly at the producer site to distributor and retailers, and it can be transported by road to other distribution sites. The other big question is this, why do we only have one terminal for all the product offload. This is poor leadership and very ineffective.

    • OAO2

      Thanks a lot. Even if it needed to be shipped, there are ports in Warri as well. Can’t the facilities be upgraded so that distribution can easier across the country? Lots of items on the hardship index in Nigeria are self- inflicted!

  • Positive Mind

    @Real, note that d NLNG is a private venture. There R no LPG receiving facilities, like storage tanks, loading arms, safety equipment, etc in majority of places like Warri, PHC, Calabar, etc. It’s only in Lagos port u hv that. Besides, the receiving facility there is also inadequate. There is currently a project to upgrade d Lagos facility. So d Govt needs to partner wt the NLNG to build more receiving facilities around d country, in places capable of handling such ships. That way, the cost of shipping and others can be eliminated. Hope this gives u sm insight into d challenges.