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85, 265MT of LPG supplied nationwide in August – PPPRA

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85, 265MT of LPG supplied nationwide in August – PPPRA

By Edith Ike-Eboh

The Petroleum Products Pricing Regulatory Agency (PPPRA) says a total of 85,264.803 Metric Tonnes (MT) of Liquified Petroleum Gas (LPG), also known as cooking gas, was supplied nationwide in the month of August.

The Agency disclosed this in its LPG report released and signed by the Executive Secretary, PPPRA, Abdulkadir Saidu, in Abuja, on Thursday.

A breakdown of the supply shows that 38,040.457mt was sourced locally by Ever Oil, Stockgap, NIPCO, 11 plc, Greenville Natural Gas, PNG Gas Ltd, NPDC and Ashtavinayak Hydrocarbon Ltd.

It indicates that 47,224.346mt was imported by NIPCO, Matrix, Algasco, Techno Oil, Prudent, A.A Rano and Stockgap.

The report further revealed  that 21,606.301mt was imported from the USA, 13,044.266  imported from Algeria and 12,573.779mt brought into the country from Equatorial Guinea.

“The volume of LPG supplied in August suggests a decrease of about 21,959.781mt compared to 107,224.584mt supplied in the month of July.

“In addition, 102,787.234 mt was also supplied in the Month of June,’’ it said.

According to the report, out of the 38,040.457mt sourced locally, 7,042.058 MT was sourced by Ever oil, 9,429.761mt by Stockgap, 7,687.112mt by NIPCO, 4,761.626mt by 11 plc and 440.380mt by GreenvilleRumuji, River State.

It stated that  PNG Gas Ltd in Ebedei, Delta State supplied 651.490mt into the market, while NPDC, Oredo, Benin State provided 1,055.310 MT and Ashtavinayak Hydrocarbon Ltd Kwale, Delta State,discharged 6,972.720MT.

“Similarly,11,262.04mt of propane was sourced locally and supplied into the energy market by NPDC and Ashtavinayak Hydrocarbon,’’ it said .

The report revealed that since the declaration of the “Decade of Gas” by President Muhammadu Buhari and the Minister of State for Petroleum Resources, Chief Timipre Sylva, the nation had witnessed a significant increase in the volume of LPG produced locally.

This, it said, was  due to the commitment of the Federal Government in promoting gas penetration, to ensure a clean source of energy for cooking, power generation and transportation.

It said that the Petroleum Industry Act (PIA),  as the first law that recognises the Oil and Gas midstream sector, would promote and protect gas-based investments and optimise the nation’s enormous gas potential while ensuring that Nigeria transits to become a net-zero emission nation.

The PPPRA reiterated its continued support for the Federal Government’s policy to deepen LPG penetration in the country and create a healthy life for Nigerians. (www.)

Source: NAN

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