17 January 2017, Abuja – The supply hiccup, which has lately affected the availability of Liquefied Petroleum Gas, otherwise called cooking gas, may soon be over, the Nigerian National Petroleum Corporation has said.
This is because the West Africa Gas Limited, a joint venture company between the corporation and Sahara Energy, will today (Tuesday) unveil two LPG vessels in Ulsan, South Korea, to serve as a game changer in the supply network of the product.
The Group Managing Director, NNPC, Dr. Maikanti Baru, disclosed this in Ulsan, according to a statement by the corporation on Monday.
Baru said he was delighted that the venture had started to record success, adding that the milestone was a boost to the LPG business in Nigeria.
The corporation stated that the WAGL JV, which was incorporated in March 2013, would serve as a vehicle for off-taking, marketing and trading of natural gas liquids across Africa and beyond.
It added that the JV was being run by two companies, NNPC LNG Limited, a wholly-owned subsidiary of the NNPC, and Sahara Energy’s oil and gas trading arm, Ocean Bed Trading Limited.