The Nigeria Liquefied Natural Gas (NLNG) Limited has disclosed its plans to increase the production of Liquefied Petroleum Gas (LPG) from 75,000 metric tons it was when it started years ago to 350,000mt by the end of this year (December 2020).
General Manager, Production at the company, Adeleye Falade made this known while speaking during a webinar organised by ADIPEC Energy Dialogue.
He expressed optimism that the target is achievable, given its current production levels.
Falade noted that the country has a huge gas reserves which it must take advantage of for quick industrialisation and cleaner energy.
“When we first started pushing Liquefied Petroleum Gas (LPG) which is cooking gas into the Nigerian market, we were only doing 75,000 tons per annum. Today, as at last year, we did 275, 000 tons that we pushed into the market.
“This year our target is 350,000 tons and we are very much on our way to achieving it. The more we push cooking gas, the more we fight deforestation and deal with emission, especially harmful ones,” he said.
While stressing on the opportunities in the gas sector, he said rather than being addressed as an oil nation, the Nigeria is actually a gas nation, which has some quantity of oil in it.
According to him, Africa alone accounts for about 20 percent of world population and utilises just five percent of global electricity.
The GM noted that with a proven natural gas volume estimated at 6 trillion cubit feet and gigantic discoveries in Mozambique, Tanzania, Mauritania and other African countries, the continent has enough has to supply about two third of the world energy demand for 20 years.
He maintained that paying more attention to gas will mean cleaner and cheaper fuel, which will drive industrialisation in the continent.
“And Nigeria has a big role to play with 200 cubit feet of proven reserve, Nigeria is now number 9 and has the potential to be number 4, because 600 cubit feet still exists in the ground which has not been taken through the accounting process” he noted.
NLNG is jointly owned by the Nigerian National Petroleum Corporation (NNPC), Shell Gas B.V, Total LNG and Eni International.