Ike Amos
Dublin, Ireland — The supply of Liquefied Petroleum Gas, LPG, also known as cooking gas in Nigeria, dropped by 5.5 per cent to 85,066.546 metric tonnes, MT, in September 2021, compared with 90,017.002 metric tonnes supplied in August 2021.
This is according to a report on LPG supply and utilisation in Nigeria for the month of September 2021, released by the Petroleum Products Pricing Regulatory Agency, PPPRA, now renamed the Nigeria Midstream and Downstream Petroleum Regulatory Agency.
The PPPRA reported that of the total cooking gas supplied in the country in the month under review, 51,847.085 MT were sourced locally, representing 60.95 per cent of the total quantity supplied, while 33,219.461 MT of cooking gas, representing 39.05 per cent of the total supplied in the month under review, were imported into the country.
The downstream petroleum industry regulator disclosed that the LPG sourced locally were majorly from the Nigeria Liquefied Natural Gas, NLNG, while only one company sourced the commodity from the Bonny River Terminal.
Specifically, Algasco LPG Services Limited supplied 12,737.184 MT of LPG from NLNG, Bonny; Stockgap Fuels Limited supplied 8,551.128 MT of cooking gas to the Nigerian market, sourcing the commodity from NLNG, as well; while NIPCO and 11 Plc jointly supplied 12,136.772 MT of LPG, sourcing it also from NLNG Bonny.
Also, Algasco, in another transaction with NLNG, Bonny, supplied 11,333.807 MT of cooking gas to the market; while Prudent Energy supplied 7,088.194 MT of the commodity to the Nigerian market.
On the other hand, the PPPRA disclosed that imported LPG into the country were sourced from two countries, the United States and Equatorial Guinea.
Specifically, it stated that Rainoil, in two transactions, imported 7,811.840 MT and 4,036.848 MT of LPG from the United States of America, while Algasco also imported 9,110.097 MT of cooking gas from the US.
In addition, the PPPRA noted that Prudent Energy, in two transactions, imported 6,175.237 MT and 6,084.439 MT of cooking gas from Equatorial Guinea.
In August 2021, the PPPRA stated that 57,428.038 MT, representing 63.8 per cent of the total cooking gas of 90,017.002 MT supplied in the country were imported, while 32,588.964 MT of cooking gas, representing 36.2 per cent of the total, were sourced locally.
The PPPRA disclosed that imported LPG were sourced from the USA, Algeria, and Equatorial Guinea, while LPG sourced locally were obtained from the Bonny River Terminal and the NLNG, Bonny.
