Nigeria LNG Limited has reiterated its commitment to 100 per cent of its Liquefied Petroleum Gas production to the domestic market to support the growth of LPG utilisation in the country and help reduce the health, safety and environmental risks associated with the use of other domestic fuel sources.
Ogunleye stated NLNG remained committed to collaborating with regulators, partners, and industry players to grow the domestic LPG market and bring cleaner energy to Nigerians. He said LPG domestic consumption in the country has increased by 300 per cent, from about 60,000 metric tonnes in 2007 to over one million metric tonnes in 2020.
He said a significant stimulus to the domestic LPG was the declaration by the Federal Government of the ”Decade of Gas” and the support of regulators and industry stakeholders. He stated that the declaration had created an enabling environment for investment and deliberate actions designed to ensure that Nigeria takes advantage of the global energy transition while monetising the country’s extensive gas reserves.
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