July 19, 2024
Nigeria partners India to boost LPG supply by 194%
– By Godswill Odiong

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By Eyo Nsima
The Nigerian National Petroleum Company Limited (NNPCL) has partnered an Indian company, Indian Oil Company, IOC, to supply five million metric tonnes of Liquefied Petroleum Gas, LPG, in order to increase supply by 194 percent, from last year’s 1.7mmt.


Speaking at the World LPG Association India-Nigeria Summit 2022 in Abuja yesterday, Group Executive Director, Downstream, NNPCL, Engr. Adeyemi Adetunji said: “Nigeria has identified its abundant gas resources as fuel for energy transition which informed her Net Zero commitments by 2060 and the declaration of 2021-2030 as Decade of Gas
“NNPC Limited is an energy company with new investments in gas, power, and renewables. Key pipeline projects such as ELPS I1, OE5 and AKK to deliver a total of 6.2 billion cubic feet of gas per day to demand nodes across the country are at various stages of completion.

“We have strong presence in the LPG value chain contributing about 45% of Domestic supply via JVs (Oso Bonny River Terminal), affiliates (Nigeria LNG Ltd & Ashtavinayak Hydrocarbon Limited) and subsidiaries (NPDC).‚ÄĚ


Similarly, the Special Adviser to the President on Economic Matters in the Office of the Vice President, Amb. Adeyemi Dipeolu, said the Federal Government hopes to convert 30 million households to the use of LPG by year 2027.
He added: “following the implementation of government’s gas expansion initiatives, and the presidential assent to the PIA investors stand in good stead to benefit from the vast opportunities available for unlocking Nigeria’s abundant gas resources for shared prosperity”.

 

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