Mr Dayo Adeshina, Programme Manager, National Liquified Petroleum Gas (LPG) Expansion Plan in the office of the Vice president, says government is targeting installation of five gas terminals to boost LPG penetration in the country.
Adeshina made this know at a special interview with the News Agency of Nigeria (NAN) in Abuja on Sunday.
“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.
“So there is a lot we are doing in terms of supply, we are engaging a lot of investors for the product terminals but outside of that, for sustainability, we are also engaging marginal field operators.
“Just in December, the NPDC a subsidiary of 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) to access domestic gas supply obligations that they have.
He said that sustainability was key to 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 of government is to ensure adequate supply and being a deregulated product, competition will help drive the price down. (NAN)