Nigeria’s LPG consumption grew by 600% in 2 years – FG

The consumption of Liquefied Petroleum Gas, popularly known as cooking gas, in Nigeria, increased by 600 per cent in the past two years, the Federal Government announced on Thursday. In his address in Abuja, the Minister of State for Petroleum Resources, Ibe Kachikwu, said that the Nigerian Gas Policy had helped in growing the country’s output in gas production.

Kachikwu said, “The Nigerian Gas Policy is a very comprehensive document that sets out the parameters for growth for gas, how we meet our local needs, what sort of infrastructure is required and the various segments of business opportunities that exist. It was passed by the Federal Executive Council and it has been driving the gas sector. We are hoping that relying on that policy we will be able to drive investments into the fertiliser, petrochemicals, methanol and LPG areas.”

“LPG is one area where we have done some very good work. We’ve seen a 600 per cent increase in LPG growth over the last two years. Consumption is about 420,000 metric tonnes, which is about 600 per cent increase and that’s a very major movement.”

Source: The Punch

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