*27% of LPG imported, 73% sourced locally
Dublin, Ireland — The Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed that 27.26 per cent of Liquefied Petroleum Gas (LPG), also known as cooking gas, supplied in the country in the month of May 2021, was imported from the United States of America (USA).
In its report for LPG and propane supplies in the month under review, the PPPRA noted that 19,994.304 metric tonnes of LPG in a vacuum (MT VAC) was imported into the country, all from the US, in May, dropping by 78.42 per cent, compared with 92,643.181 MT VAC of LPG imported in April 2021.
In general, 73,325.758 MT VAC of LPG was supplied in the country in May, dropping by 46.75 per cent from 137,697.735 MT VAC recorded in April 2021.
Giving a breakdown of imported LPG in the month under review, the PPPRA stated that NIPCO and Prudent Energy and Services Limited imported 1,555.271 MT VAC and 5,700.983 MT VAC of LPG from the US, respectively, with the products arriving May 2 and May 8, 2021, separately; while on May 16 and 29, 6,499.440 MT VAC and 6,238.610 MT VAC of LPG were imported from the US by Matrix Energy and NIPCO, respectively.
Conversely, the PPPRA reported that 53,331.454 MT VAC of LPG supplied in the country in the month under review, was sourced locally, accounting for 72.73 per cent of total gas supplied in the country in the month under review.
Further analysis of local cooking gas supply, showed that the commodity was sourced from the Nigerian Liquefied Natural Gas (NLNG), Bonny, and Bonny River Terminal (BRT).
Ultimate Gas and Rainoil, according to the PPPRA, sourced 10,886.899 MT VAC and 7,066.909 MT VAC of LPG, respectively, from BRT, while Algasco LPG Services Limited, a subsidiary of Vitol; Stockgap Fuels Limited; and NIPCO/11 Plc, sourced 13,134.821 MT VAC, 9,119.900 MT VAC and 13,122.925 MT VAC respectively, from NLNG, Bonny.
In addition, in the category of off-takers, the PPPRA noted that in the month under review, Greenville Natural Gas Limited, Rumuji, Rivers State; PNG Gas Limited, Ebedei, Delta State; Nigerian Petroleum Development Company (NPDC), Oredo, Benin and Ashtavinayak Hydrocarbon Limited, Kwale, Delta State, received 318.600 MT VAC, 1,546.040 MT VAC, 1,455.520 MT VAC and 6,364.300 MT VAC of LPG, respectively.
In the propane category, 10,504.100 MT VAC was supplied, with NPDC, Oredo and Ashtavinayak Hydrocarbon, receiving 1,428.100 MT VAC of LPG and 9,076 MT VAC respectively.