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    Thisday Live: NLNG Bemoans Low Absorbing Capacity of Domestic LPG Market

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Summary

Nigeria Liquefied Natural Gas (NLNG) expresses domestic market’s inability to absorb its increased LPG supply to the domestic market.

by: Sruthi

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Press Notes, Africa

Thisday Live: NLNG Bemoans Low Absorbing Capacity of Domestic LPG Market

The Nigeria Liquefied Natural Gas (NLNG) Limited has said that the absence of a functioning cylinder manufacturing plant, inadequate storage facilities, poor transportation network and infrastructure, as well as limited jetty availability and the low priority accorded to berthing of Liquefied Petroleum Gas (LPG) vessels have all contributed to the domestic market’s inability to absorb its increased LPG supply to the domestic market.

NLNG also listed the other impediments to the growth of the domestic LPG market, which could require urgent intervention of stakeholders to include terminal operation and development, distribution and retail, promotion and awareness as well as government policy and incentives for full maturity of the domestic LPG market.

While affirming his company’s commitment to providing the Nigerian domestic market with sufficient volume of LPG, also known as cooking gas, from its six- train facility at Bonny, Rivers State, the Managing Director of NLNG, Mr. Babs Omotowa advocated for increased investment across the value chain to enable sustained and reliable product availability.
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