Headline News Nigeria Oil&Gas

Nigeria to increase LPG production capacity

The Federal Government is targeting over five million metric tonnes production capacity of liquefied petroleum gas, LPG in the next three years to totally ease out the use of biomass fuels towards a safer environment.

The Group Executive Director, Downstream of the Nigerian National Petroleum Company, NNPC Limited, Mr. Adeyemi Adetunji stated this in Abuja at the World Liquefied Petroleum Gas Association; India-Nigeria Summit with the theme, “Solutions for a Responsible Energy Future”.

Mr. Adetunji told participants that the desire of the federal government to ensure LPG penetration in all parts of the country was the basis for the India-Nigeria partnership which is expected to boost production capacity from the 1.7 million metric tonnes to over 5 million metric tonnes in the next 3 years.

The Vice President, Prof. Yemi Osinbajo represented by Special Adviser on Economic Matters, Ambassador Adeyemi Dipeolu expressed optimism that; adopting the India model of transition from about 60% to over 100% LPG penetration will fast track efforts being made by the government towards meeting the energy needs of Nigerians.

Contributing, the India Oil Corporation Chairman, Mr. Shrikant Vaidya and the Deputy Managing Director, World LPG Association, Mr. Michael Kelly, said the time was now for Nigeria to maximize her potential in Hydrocarbon exploits to improve the Energy sector of the nation.

The Summit had breakout sessions and panel discussions on Pricing, Affordability, Accessibility, Infrastructure and Safety in the production and utilization of Liquefied Petroleum Gas in the country.

Writing by Conrad Labeh; editing Annabel Nwachukwu