Cooking gas price hike: NLNG commences 350,000 MT discharge to NOJ terminal in Lagos

Cooking gas price hike: NLNG commences 350,000 MT discharge to NOJ terminal in Lagos

Mrs Sophia Horsfall, Manager, Corporate Communications and Public Affairs of the Nigeria Liquidified Natural Gas (NLNG) on Monday confirmed that the company would deliver LPG to New Oil Jetty (NOJ) terminal in Lagos today.

Horsfall confirmed to TBI Africa through mail in Lagos against the backdrop of marketer’s allegations of the indiscriminate hike in the price of cooking gas due to inability of NLNG to meet up market demands.

The NLNG spokesperson said that on Oct. 15, 2019, NLNG delivered 12,000 metric tonnes (MT) to the Navgas terminal in Apapa, Lagos.

She added that before then, the company delivered a total of 32,050 MT (3 cargoes) in the month of September to Lagos.

According to Horsfall, the development is as part of its effort to help build a better Nigeria.
Horsfall said NLNG 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.

” One key pillar has been to enable the penetration of LPG deliveries into the market beyond just Apapa and NLNG has implemented initiatives that encourage investors to build terminals across the country.

“These efforts have led to the development of additional coastal facilities to support market spread,” she said.

Horsfall said: “Following the conclusion of technical approval processes required to deliver product to the Stockgap Terminal in Port Harcourt.

“We are most pleased to advise that we have commenced delivery to this terminal in October 2019.
“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.

However, one of the terminal operators who preferred not to be mentioned confirmed to that NLNG arrived Apapa Jetty on Nov. 10 and was scheduled to commence discharging Nov. 11 (today) at NOJ terminal.
It would be recalled that marketers of Liquefied Petroleum Gas (LPG), under the aegis of Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGNANAM) on Nov. 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 a 20 metric tonnes of LPG which sold between N3.15 and N3.5 million suddenly moved to N 4.2 million.

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