The Petroleum Gas Association of Nigeria (LPGAN) has assured that the Liquefied Petroleum Gas (LPG) will soon flood the market following a spate of scarcity endured by consumers in the country in recent time.
President of the union, Dapo Adesina stated that supply of the product had become imperative in order to buoy availability and minimise the stress consumers have gone through in recent times to buy the product.
Informing that the product is supplied from the Nigeria Liquefied Natural Gas Limited (NLNG) platform based in Bonny, Rivers State, Adesina dismissed allegations that the scarcity of the product was caused by technical problems.
Adesina who explained that market forces were responsible for the shortage and slight increase in the price of LPG by operators, announced that the NLNG had promised to stock the market with the product.
“In the past few weeks, the demand for LPG has outstripped supply in the country. The moment LPG vessels berth in Lagos from Port Harcourt, people wasted no time in demanding for the product. Consumption of cooking gas has increased in the past few months because more people have seen the need to use it because it is a safer, healthy and friendly source of energy for domestic and industrial purposes,” he added.
According to him, LPG consumption will exceed 350,000 tonnes in Nigeria before the end of 2015, in view of the fact that the demand for the product has increased.
“The computation of the volume or tonnes of LPG consumed in a year is normally done at the end of the fourth quarter. By that time, operators must have compiled all the records of LPG supplied by NLNG, and consumed in the country. In 2014, 350,000 tonnes of LPG was consumed in Nigeria. Given the fact that the demand for LPG has increased in 2015, the consumption figure will be more than 350,000 when it is computed,” he added.
