NLNG Cooking Gas Production Rises to 1.5mn Metric Tonnes

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The Nigeria Liquefied Natural Gas Limited, on Wednesday, announced that its annual production of Liquefied Petroleum Gas, popularly called cooking gas, has increased to over 1.5 million metric tonnes.

It also announced that the whole 1.5million tonnes production was being sold in Nigeria, adding that the company has started supplying LPG in Naira, as against the usual sale of gas in the United States dollars.

Operators in the oil and power sectors have repeatedly advocated the sale of LPG or Liquefied Natural Gas in Naira, especially since the crash of the local currency against the dollar.

The call for Naira transactions has also been extended to the sale of crude oil. LNG and crude oil are currently sold in dollars to both international and domestic buyers.

 

Speaking at a panel session during the ongoing 7th Nigeria International Energy Summit in Abuja, the General Manager, Finance, NLNG Limited, Fatima Adanan, said the firm had ramped up its LPG production to 1.5 million metric tonnes and was supplying all of it to the Nigerian market.

She said the “NLNG is selling LPG in naira,” to deepen cooking gas penetration across the country.

She said, “When we started we were producing 70,000MT, today we are producing upwards of 1.5million MT of LPG and for this LPG, our sole designated distribution point is Nigeria. So part of our vision as a company is to make sure that we make Nigeria a better place.

 

 

 

Punch/Hauwa Abu