NNPCL, Indian Oil to increase cooking gas supply by 194%
The Nigerian National Petroleum Company Limited (NNPCL) stated that it hoped to deliver five million metric tonnes of liquefied petroleum gas (cooking gas) this year, exceeding the supply of 1.7mmt from the previous year by 194 percent.
The corporation is collaborating with the Indian Oil Company, or IOC, to do this after the Asian nation increased its LPG penetration from 62 percent in 2016 to 99.8 percent by August 2019.
Nigeria has a lot to learn from the Indian experience, according to the group executive director, downstream, NNPCL, Engr. Adeyemi Adetunji, who was speaking yesterday at the World LPG Association India-Nigeria Summit 2022 in Abuja.
According to Engr. Adetunji, NNPC Limited is prepared to set up 740 LPG Micro-Distribution Centers (MDCS), 37 Filling Plants, and Skids in its 541 stations over the following three years. He said, “Nigeria has identified its substantial gas resources as fuel for energy change, informing her Net Zero goals by 2060 and the declaration of 2021–2030 as Decade of Gas.
“NNPC Limited is an energy company with new investments in gas, power, and renewables. Key pipeline projects such as ELPS I1, OE5, and AKK to deliver a total of 6.2 billion cubic feet of gas per day to demand nodes across the country are at various stages of completion.
“We have a strong presence in the LPG value chain contributing about 45 percent of Domestic supply via JVs (Oso Bonny River Terminal), affiliates (Nigeria LNG Ltd & Ashtavinayak Hydrocarbon Limited), and subsidiaries (NPDC)”, he added.
He noted that “the initial target is to do 5 million metric tons, in the next two, three years, but there is the need to do much more. I believe that template will be revised very soon”.
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