Nigeria imports 27,125,905 tonnes of LPG in September – The Sun Nigeria
From Uche Usim, Abuja
The federal government imported 27,125,905 metric tonnes (MT) of liquefied petroleum gas (LPG) in September to increase local production.
But the product remained very expensive, the refill of the 12.5 kg cylinder costing between 8,000 and 9,000 N depending on the location.
According to a report from the Petroleum Product Price Regulatory Agency (PPPRA), the LPG supplied in September 2021 indicates that of the 76,578.986 metric tons (MT) of LPG supplied nationally, 49,453.081 MT were produced. locally while 27,125.905 MT were imported.
As of September 2021, PPPRA LPG data shows that 49,453.081 MT have been supplied domestically by Algasco, Stockgap, NIPCO, 11 plc, Prudent, Greenville Natural Gas, PNG Gas, NPDC and Ashtavinayak Hydrocarbon Ltd with 66.58 % of supply. from NLNG, while 27,125.905 MT were imported by Rainoil, Algasco and Prudent.
Corporate Services Director General Kimchi Apollo noted that Nigeria currently produces locally, much of the LPG consumed in the country due to the enabling environment created by the federal government through its programs and policies to attract investments in the total value of gas. chain.
âIt should be noted that the amount of locally sourced LPG increased from 38,040.457 MT in August to 49,453.081 MT in September, while the import increased from 47,224.346 MT to 27,125.905 MT.
âThe marked improvement in local production reflects the success of President Muhammadu Buhari and Minister of State for Petroleum Resources, Mr. Timipre Sylva, who have created the business climate conducive to the development of the gas industry.
âGovernment policies and programs such as the National Gas Policy (NGP), the Nigeria Gas Flare Commercialization Program (NGFCP), the National Gas Expansion Program (NGEP) and the Declaration of the Gas Decade are responsible for the amount of investments we let’s see today in the gas. industry.
âSome of these investments include the NPDC Oredo integrated gas processing facility, the Kwale Hub (PNG, Ashtavinayak Hydrocarbon) Greenville LNG, Rivers State gas processing plants and the OSO / Bonny River terminal project,â said Apollo.
He added that in terms of policies, exemption from import duties on LPG production equipment as well as Zero VAT for locally produced LPG have indeed strengthened the prospects for national investment in the sector.
âIn addition, a pioneer status incentive for certain categories of LPG investments has also been introduced.
“PPPRA remains committed to the development of Nigeria’s vast gas resources and to strengthening the entire value chain,” he added.
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