…..to fast track consumption of Liquefied Petroleum Gas
Nigerian National Petroleum Corporation (NNPC) and its Exploration and Production subsidiary, Nigerian Petroleum Development Company Limited (NPDC), are set to unveil the largest LPG and Propane Storage and Dispensing Facility in Oredo, Benin City, as part of efforts to fast track the consumption of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas.
The Managing Director of NPDC, Mr. Yusuf Matashi, said the Integrated Gas Handling Facility (IGHF) would be a game changer for the National Oil Company, as both facilities (IGHF & LPG bay) when commissioned, would be a huge revenue stream for the Federal Government.
A statement by NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu has said the facility, which is an extension of the Integrated Gas Handling Facility (IGHF) plant, has the capacity to dispense 330tonnes of LPG and 300tonnes of Propane daily, in addition to the 100Million standard cubic feet of gas per day (MMscfg/d) and 260 barrels per day Condensate from the IGHF plant,
…sets to produce 40 per cent Nigeria LPG before 2020
He stated that before the end of 2019 NPDC would be producing 40 per cent of the nation’s LPG requirements, adding that the facility was centrally positioned to supply LPG to Lagos, South-South; South-East and to the North in order to grow its consumption across the country.
….largest supplier of gas to domestic market
Mr. Matashi noted that currently NPDC was the single largest supplier of gas to the domestic market with about 90 per cent of gas supply targeted at power generation to drive the nation’s economy positively.
The NPDC helmsman revealed that the company had oil reserve base of 3.6billion barrels and gas reserve of 15 trillion cubic feet from its involvement in 29 concessions – 22 Oil Mining Leases (OMLs) and 7 Oil Prospecting Licenses (OPLs).
He explained that the flagship upstream subsidiary of NNPC would continue to be a leading exploration and production company of choice going forward.