Efforts to crash down prices of cooking has led to the Nigeria Liquefied Natural Gas (NLNG) saying it will supply 100 per cent of its liquefied petroleum gas to the Nigerian market to crash the prices of cooking gas.
The NLNG on Thursday in a statement signed by Andy Odeh, the general manager, external relations and sustainable development, said it will prioritise the domestic market for 100 per cent of its butane and propane production.
It said the move is designed to increase LPG availability in Nigeria, diversify its use and support the federal government’s Decade of Gas initiative.
According to the statement, NLNG is currently the highest single supplier of LPG to the domestic market, with an estimated 400,000 metric tonnes supplied in 2021.
“The milestone is coming just three months after the company supplied its first propane cargo into the domestic market and has developed a scheme to sustainably supply propane for usage in cooking gas blending as well as in agro-allied, autogas, power and petrochemical sectors of the Nigerian economy to further deepen gas utilization in Nigeria,” the statement said.
The cost of cooking gas has been on the rise since the beginning of last year till now.