FG to rehabilitate 3 refineries for local production of 360,000MT of gas

Follow 9News Nigeria On Social Media

Refinery
Construction workers are seen working on a site during a facility tour at the proposed Dangote oil refinery site near Akodo beach in the outskirt of Nigeria's commercial capital Lagos June 25, 2016. REUTERS/Akintunde Akinleye
Social sharing

By Solomon Asowata

The Federal Government says it will rehabilitate the Warri, Port Harcourt and Kaduna Refineries to achieve local production of 360,000 MTPA of Liquefied Petroleum Gas (LPG) by 2023.

The News Agency of Nigeria (NAN) reports that the Minister of State for Petroleum, Mr Timipre Sylva, made the disclosure at Nigeria LPG Summit 2019 in Lagos on Wednesday.

The summit, jointly organised by the Nigeria Liquefied Petroleum Gas Association (NLPGA) and LPG Summit , based in Singapore has the theme, “LPG: Harmonising Development and Growth in Nigeria and Africa”.

Petroleum refinery
Petroleum refinery

The minister, who was represented by his Technical Adviser on Gas Business and Policy Implementation, Mr Justice Derefaka, said the move was part of the National Gas Policy of the government.

Sylva said the government was desirous of deepening LPG penetration in the country, noting that only about five per cent of its population were currently using LPG as energy source.

He said other plans by the government include upgrading the Lagos-Apapa LPG Plant from 4,000MT to 8,000MT storage and increasing LPG allocation to the domestic market from Natural Gas Liquids (NGLs) to reduce butane/propane exports.

According to him, the government also aims to diversify supply sources with 110,160MTPA from Nigerian Petroleum Development Company’s Oredo facility expected to come on stream by first quarter of 2020.

READ ALSO  Official Document Finally Exposes 54 Persons Behind IPOB Activities In Nigeria And 22 Other Countries (See Full List)

“By our 2018 record, gas utilisation is being deepened by increasing LPG penetration. LPG consumption increased by about 16 per year on year.

“A total of 364 LPG plants licences and approvals were issued in 2018. This is expected to give about 15 per cent rise in the nation’s LPG consumption based on storage capacity.

“We need to deliver the much-needed energy for development and growth.

“We need to explore ways and means to scale through the Nigeria energy hurdle and put in place strategic measures to address the downside issues, challenges, gaps and aggressively pursue the upside opportunities,” he said.

Sylva, while lauding NLPGA for creating a platform for stakeholders to interact, noted that the government would continue to provide the enabling environment for both local and foreign investments in the sector to thrive.

Also, Mr Tony Attah, Managing Director, Nigeria LNG Ltd., said the company was committed to deepening the penetration of cooking gas to support environmental and human protection through the use of cleaner energy.

Attah, represented by Mr Abdulkadir Ahmed, Managing Director, NLNG Shipping Management Ltd (NSML), said the NLNG would continue to ensure product availability, accessibly and affordability.

He said: “ The company has recently began to explore the possibility of delivering LNG in addition to the LPG to the domestic market in line with the Federal Government’s aspirations on gas-based industrialisation in Nigeria

READ ALSO  Easter: Why Our Saviour, Jesus Christ had to die

“With product availability and accessibility, we expect that more people will be employed in the value chain from the off takers to the major distributors and eventually retail outlets that get the products into the nooks and crannies of the nation.

“Ultimately, more and more Nigerians will begin to appreciate the value that cooking gas has over other unhealthy cooking fuels and they will embrace the commodity.”

On his part, Mr Michael Kelly, Deputy Managing Director, World LPG Association (WLPGA), said the organisation would support the efforts of the government to increase gas utilisation in Nigeria.

Kelly said that Nigeria was one of the 20 countries where 2.3 billion people lacked access to modern fuels.

He added that this could be addressed with the right policies and regulatory framework and cooperation between government and private investors.

News Agency of Nigeria

Leave your comment on this post

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

READ ALSO  Simon Ekpa, Chika Edozie, 95 Other Terrorists Declared Wanted (See Full List)

The economic crisis and hardship in Nigeria are parts of the discussion.


Watch, leave your comments, and share to create more awareness on this issue.


#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com

Leave your comment

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel
About 9News Nigeria 13308 Articles
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: info@9newsng.com Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng

Be the first to comment

Leave your comment