Update On Cooking Gas Price 6th March 2024

The search for Liquified Petroleum Gas (LPG), commonly known as cooking gas, turned into a challenge for many users in Lagos. Despite the Nigeria Liquified Natural Gas (NLNG) Limited confirming a supply of 1.5 million metric tons, the market experienced shortages, driving prices up to N1,300 per kilogram on March 1.

NLNG, a major player in the LPG sector, has consistently supplied the Nigerian domestic market. In 2023, they provided 493,000 metric tons, aligning with their commitment to delivering 100 percent of their LPG production domestically.

However, recent supply challenges led to shortages in Lagos, with long queues forming at refilling plants. Even NNPCL retail outlets faced dry spells, and certain marketers, like TotalEnergies, sold LPG at an elevated rate of N1,300 per 1kg. This caught consumers off guard, resulting in limited purchases due to the sudden price increase. CONTINUE READING.....

NLNG remains dedicated to increasing awareness of LPG usage, especially in rural areas. They cover 30 percent of the total LPG demand in Nigeria, estimated at 1.5 million metric tons. Despite challenges, NLNG actively promotes cleaner energy solutions, contributing to additional employment and business opportunities in Nigeria.

During the 7th Nigeria International Energy Summit, NLNG's general manager, Finance, Mrs. Fatima Adanan, emphasized the need to transition biomass users to LPG for cooking. She invited indigenous companies to actively participate in the distribution network, contributing to a robust value chain and deepening LPG utilization in the country. CONTINUE READING.....

In conclusion, the recent challenges in the LPG market in Lagos highlight the importance of sustainable energy sources. NLNG's dedication to meeting market demands and promoting cleaner energy solutions demonstrates a commitment to the well-being of consumers and the environment.

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