In this interview with energy journalists Robert Dickerman, MD and CEO of Pinnacle Oil & Gas Limited, identifies major causes of the continuous rise of LPG prices among other industry challenges. CHIKA IZUORA was there for LEADERSHIPForty per cent of the propane and butane, which is what Liquified Petroleum Gas, LPG or cooking gas is, there’s two products.They’re light ends, so they’re called. And they’re in gases because in atmospheric temperatures and pressures, they are gases.
It’s about creating jobs, it’s about creating foreign direct investment. It’s about providing the characteristics and the environment that will give investors confidence to invest in Nigeria and that includes confidence in the Naira. There is no real effective marketplace at wholesale or retail until we have a deregulated market with market prices at all classes of trade.
And that’s what we do. It doesn’t really matter whether Pinnacle utilises those efficiencies or other companies do or the government does. Everyone is welcome to it. It is an open system.