The General Manager, External Relations of the Nigeria Liquefied Natural Gas, Dr. Kudo Eresia-Eke has disclosed the reasons behind the sharp increase in cooking gas nationwide.
The price of a 12.5 kilogramme (kg) cylinder in Lagos and environs has increased from N2,700 to N4, 200.
Eresia-Eke who explained in what he called “Infrastructural bottlenecks” as the main cause for the increase, gave a break-down to involve the following factors leading to the build-up to the increase;
- Shortage of terminals for the discharge of LPG in the country
- Storage facilities at the terminals
- Delays in getting the product from the terminals
He further explained that the terminals, located in Lagos, are NAFGAS Terminal and the Northern Oil Jetty (NOJ), currently managed by the Products and Pipeline Marketing Company (PPMC) on behalf of the Nigerian National Petroleum Corporation (NNPC).
He said lack of adequate facilities for storage of LPG at the terminals and delays in accessing the product from the terminals have grossly contributed to the increase as well.
According to Eresia-Eke, “The terminals are not only limited, but were made to give priority to supply of white products such as petrol, diesel and kerosene. This has made it difficult for LPG vessels to discharge its content promptly enough,”