The supply of Liquefied Petroleum Gas, LPG, has increased by 11 per cent to 83,900.761 Metric Tonnes, MT, in December 2020, according to the Petroleum Products Pricing Regulatory Agency, PPPRA. A breakdown of data obtained from the PPPRA showed that of the 83,900.761MT supplied in December 2020, from 74,915.973 MT in December 2019, 42,578.841MT was imported, while 41,321.761MT was locally sourced. It also indicated that of the 74,915.973MT supplied in the corresponding month of 2019, 57,861.211MT was imported, while 17,054.762MT was locally sourced.
However, commenting on the recent attainment of over one million Metric Tonnes consumption per year, the Nigeria LPG, Association, NLPGA, stated: “The year 2020 will be remembered for so many things, least of all is a once in a century global pandemic. “But, within this year also, Nigeria’s LPG sector achieved a major milestone with the laudable achievement of exceeding the one million metric tonnes per annum mark for gas consumption.” In a statement made available to press, the association stated: “As at December 30, 2020, LPG coastal supplies broke the one million tonnes barrier for the first time in Nigeria’s history,
and Nigeria being the first country to hit this mark in West Africa sub-region! “Added to this are additional milestones such as incremental volumes from inland producers, as well as the commissioning of two major inland production plants. “These are significant achievements, in spite of a COVID-19 ravaged economy, global economic downturn and numerous business environment bottlenecks. “Congratulations to industry operators and the relentless efforts of private sector led ruggedness of members of NLPGA, the umbrella body for all stakeholders of the Nigeria’s LPG sector. “The NLPGA remains committed to the sectoral growth and development of gas, market penetration and the multiplier effect of expanded gas utilisation as can be gleaned from the initiatives and policy direction of government.