NLNG begins LPG discharge to new terminal in Lagos

The Nigeria Liquidified Natural Gas (NLNG) has said it would begin to discharge cooking gas to the New Oil Jetty (NOJ) terminal in Lagos just as the Chairman, Senate Committee on Local Content, Senator Teslim Folarin, said the Senate will invite the Nigeria LNG Limited to ensure compliance with local content laws in its $10 billion Train 7 project.

The senate disclosed this in a statement by  Bamidele Ajibola, while hosting the Managing Director of NLNG, Mr Tony Attah.

He said the NLNG should expect further invitations from the Senate once the final investment decision on the TRAIN 7 project was signed because the National Assembly was determined to ensure that the project complied with local content laws.

NLNG Manager, Corporate Communications and Public Affairs, Mrs Sophia Horsfall spoke against the backdrop of marketers’ allegations of indiscriminate hike in the price of cooking gas due to inability of NLNG to meet up market demands. It will be recalled that marketers, under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGNANAM), had on November 7 raised alarm over indiscriminate hike in the price of gas by 75 per cent in the last two weeks. Its Executive Secretary, Mr Bassey Essien, said that the price of 20 metric tonnes of LPG, which cost between N3.15 and N3.5 million, had suddenly moved to N4.2 million.

Horsfall said that following the conclusion of technical approval processes required, the company would deliver LPG to the Nigeria market via the Stockgap Terminal and the two terminals in Lagos.

The spokesperson said that the company was most pleased to say that it commenced delivery to this terminal in October. “Going forward, we will deliver LPG to the Nigeria market via the Stockgap Terminal and the two terminals in Lagos as well as other terminals that pass the strict technical compatibility reviews. “In addition to helping with the penetration objective, this effort has also improved the supply chain efficiency with improved value potential for industry participants,” Horsfall said. She said that the development was part of the NLNG’s efforts to help build a better Nigeria.

Horsfall said that the company had in 2007 undertook the championing of deepening the domestic cooking gas market and had remained the major local supplier of LPG volumes into the Nigerian market. “This effort has ensured availability of the product, helped stabilise supply and price, and also create a sustainable ecosystem helping with employment, and NLNG remains committed to this,” she said.

No tags for this post.

Matched content

Be the first to comment

Leave a Reply

Your email address will not be published.