Reacting to issues raised by LPG marketers calling on the federal government to checkmate indiscriminate deployment of LPGs, otherwise known as cooking gas, to filling stations and retail outlets without addressing the risks involved, some stakeholders have said the move would send operators aground.
“I do not think that there is anything wrong with it. All operators have to do is space it in such a way that there are shut off valves using the complete modern day technology to run their operations, if you drive people from doing skids, you will drive them underground which would make people bury tanks at obscure places where the eyes cannot see and it will be bad for the community. If they over-regulate the LPG market, they will send people aground.
“The downstream oil and gas sector is optimistic and promising; there is sanity, the standards are coming up and if you look at the standards on a daily basis, people are raising the standards and with the trend of population growth, I think there is lots of prospect for the sector,” he added. He added: “Operators should know that margins generally would grow thin, because it is a volume business, we must make sure that we are able to expand our markets, by bringing more people into the market. People should make sure a litre remains a litre despite the thinning margin.
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