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Nigeria Imports 165.7M Litres of Cooking Gas In Q2, 2018

Nigeria’s Liquefied Petroleum Gas (LPG) or cooking gas imported volume rose to about 165.71 million litres in the second quarter of this year, the National Bureau of Statistics (NBS) has reported.

In the first quarter of the year, the total imports volume stood at 107.13 million litres.

The Bureau, in its latest report titled ‘Petroleum Products Importation and Consumption (Truck Out): LPG (Q2 2018)’ released on Sunday, indicated in the quarter under review, April’s importation which stood at 59.89 million litres was the highest volume.

According to the report, a total volume of 55.37 million litres was imported in May, while the lowest volume of 50.45 million litres was imported in June.

In the preceding quarter, March recorded the highest volume of imported LPG at 39.47 million litres. The same volume of 33.83 million litres was imported in January and February.

The NBS stated further that the state-wide distribution of truck-out volume for the second quarter showed that 105.49 million of LPG was distributed.

It would be recalled that the Nigeria Liquefied Natural Gas Limited (NLNG) has in the past few months committing more investments to its production of cooking gas locally, including the acquisition of a new LPG vessel.

The new LPG vessel will be built by E.A Temile and Sons Company Limited, a wholly Nigerian company.

The Managing Director of NLNG, Tony Attah, at the vessel building contract signing ceremony in London, said that the vessel, when completed, would support the company’s sustained efforts to further help develop the DLPG market and promote the growth of indigenous companies and Nigeria’s economy.

He said: “NLNG remains the single largest supplier of Liquefied Petroleum Gas (over 50%) in Nigeria and looks to enable its expansion in future.

“We produce the LPG in our Plant in Bonny, Rivers State, Nigeria, and transport it by sea to Lagos from where it is distributed to every part of the country. This assures the product availability, accessibility, and affordability which is central to us as a company.

“NLNG’s domestic LPG intervention scheme aligns with its business focus of bringing energy to the world and helping to build a better Nigeria”, Attah added.

To achieve the objectives, the NLNG boss said that the company would work closely with the Nigeria Content Development Monitoring Board (NCDMB) to ensure compliance with the Nigeria Oil and Gas Industry Content Development Act 2010.

Already, the company and the Board had signed a Business to Business Service Level Agreement with NCDMB in June 2017 to strengthen their collaboration in the task of increasing the local content inputs in the oil and gas industry.

 

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