28 August 2016, Sweetcrude, Lagos — Nigeria Liquefied Natural Gas, NLNG, says it is awaiting directives from the office of the Vice President to commence investment in the downstream sector of Nigeria’s petroleum industry.
NLNG’s General Manager, External Relations, Kudo Eresia-Eke who made this disclosure to our correspondent in Lagos said the company’s investment initiative can only be realised with support from the office of the Vice President.
He explained that there is an initiative coming through the office of the Vice President which hopefully will address the current bottlenecks in the downstream, particularly Liquefied Petroleum Gas, LPG also known as cooking gas.
“….we would like the lead to be taken through the Vice President’s office. Obviously, he has the influence to bring everybody to the table while we continue to support it.
“We are optimistic that he is going to roll out a plan and that plan will serve the interest of a number of stakeholders within that area,” Mr. Eresia-Eke said.
The LPG sub-sector of Nigeria’s petroleum industry currently has infrastructure challenges forcing off-takers to increase the price of the product at will.
Eresia-Eke said it is expected that the new initiative coming through the office of the vice president will articulate the interest of all players in the LPG sub-sector while the NLNG will support the process.