LPG: FG targets new terminals to boost supply

Mr Dayo Adeshina, Programme Manager, National Liquified Petroleum Gas (LPG) Expansion Plan in the office the Vice president, says government is targeting installation five gas terminals boost LPG penetration in the country.

Adeshina made this know at a special interview with the News Agency Nigeria (NAN) in Abuja on Sunday.

“From 2017 2020, the market has moved from 750 thousand  tones 1,175,000 tones and with government encouragement, there has been  about five new terminals receive LPG  from NLNG, nationwide.

“This is coastal terminals that we could see products and not inland terminals,’’ he said.

He said that the terminals are located at Ogara, Warri, Port Harcourt, Calabar and Lagos.

“In July or latest August, another terminal will come on stream in Warri  and by quarter this year, first phase Rano in Lagos will also come on stream.

“So there is a lot we are doing in terms supply, we are engaging a lot investors for the product terminals but outside that, for sustainability, we are also engaging marginal field operators.

“Prior now, a lot Marginal Field operators will either re-inject the gas or flare it, we expect significant volume come from Seplat Joint Ventures with the NNPC.

“Just in December, the NPDC a subsidiary NNPC, came on stream, another one in Delta, Kwale hydrocarbon came on stream, Green energy hopefully this year should also come on stream.

“We are also closely monitoring PanOcean facility despite being with AMCON, hoping that significant volume will come from there all things being equal,’’ he said.

Adeshina further said that government was also engaging some International oil companies (IOCs) access domestic gas supply obligations that they have.

He said that sustainability was key the whole project, adding that government does not want to go into any subsidy as it had never been inefficient.

According to him, the focus government is to ensure adequate supply and being a deregulated product, competition will help drive the price down. (NAN)