Nigeria Liquefied Petroleum Gas Association, NLPGA has set a up new growth trajectory to upgrade Liquefied Petroleum Gas, LPG’s demand from the current 600,000 Metric Tonnes per annum to over 5,000,000 Metric Tonnes per annum in 10 years, with measures to impact on Africa’s LPG economy.
This was disclosed by the President, NLPGA, Nuhu Yakubu, while delivering his welcome address at the 8th Annual LPG Conference and Exhibition, with the theme: LPG Diversification; Expanding the LPG Frontiers in Africa, held in Abuja at the PTDF building
The NLPGA President noted that “the conference will showcase how Nigeria LPG sector has managed to grow by about 1,000% in the last 10years, to become one of the fastest growing LPG markets in the world, pulling mostly private capital for LPG infrastructure build out, in a fully deregulated market economy.
“This sector as you would come to have a deeper understanding of by the end of this conference has an exponential potential to encourage huge investments across the value chain in the sector and the inclusion of a large pool of lower- and middle-class Nigerians as artisans, technicians and professionals in the mainstream employable activities.
“Hence, the NLPGA will be working closely with the PTDF, going forward to actualise its mandate with filling in the human capacity gap in the LPG sector, ranging from conversion kits installation for power generators and utility PMS vehicles, domestic cylinder fitters, storage tanks and accessories fabrication, LPG plant operators, LPG road tankers operators and drivers.
“Others are LPG to power conversions, LPG reticulation for residential and industrial complexes, Health-safety and maintenance processes, etc, starting with the lowest hanging fruits. The beauty of LPG compared to Natural Gas is its relatively lower cost of development and fast multi-exponential rate of returns.” He said.
Speaking on the conference, Yakubu said more will be learnt about Nigeria’s fiscal incentives for LPG sector, and Safe practices regulatory enforcement initiatives of the Standards Organisation of Nigeria, SON and the Department of Petroleum Resources, DPR.
“The Conference will focus on policies and programmes specific to Nigeria and as well as for Africa, aimed at promoting the diverse applicable uses of LPG, away from its traditional use as domestic cooking fuel, and opportunities therein for LPG traders and infrastructure developers.
“The NLPGA Conference and Exhibition is an annual event in the Nigeria LPG Sector calendar, which brings together all the key stakeholders; Governmentat all levels, Regulatory agencies of government, Public and Private organisations within and beyond the LPG sector, to deliberate on issues and measures aimed at promoting the continuous development and growth of Nigeria LPG economy in particular, and the global LPG economy in general, comparing by measurable indices, best global LPG economies, in terms of opportunities, competitiveness and growth performances, as well as provide networking opportunities for LPG players drawn from the local and international space.
It is strategic for the LPG sector, that the PTDF is playing host to this year’s conference and exhibition, in light of the National Gas Policy, and the PTDF’s Position as a capacity building agency of the oil and gas sector, that aims to be the knowledge hub for west African oil and gas technology and enhance the Nigerian content participation in the industry through its interventions, and LPG Intervention is pivotal to achieving this mandate for the Gas sector.
The NLPGA is the umbrella association for LPG sector in Nigeria, cutting across the entire LPG value chain, from production, coastal and inland warehousing, terminalling and bulk breaking, shipping, marine and road transportation, auto gas, cylinder filling and distribution, cylinders and accessories manufacturing, engineering and construction, sales and marketing, training and capacity building, policy and general awareness advocacy for safe use of LPG.
“On exhibition will be LPG equipment cutting across diverse applications in all segments of the LPG value chain, including cooking, auto gas, power generation, cooling, heating,” among others
Lastly, the president commended Nigeria LNG, PDTF, Seplat Petroleum, Bank of Industry, BoI, NPDC, GE, and NNPC to mention a few, for the key role played in the actualising the conference.