The Nigeria LNG Limited (NLNG) on Tuesday, said marketers were unable to offtake the full 450,000MTPA of Liquefied Petroleum Gas (LPG) allocated to the Nigerian market by the company due to various factors.
Marketing Manager, NLNG, Mr Austin Ogbogbo, made the clarification during an interactive session with newsmen in Lagos.
Ogbogbo noted that NLNG was not responsible for the supply shortfall of LPG, also known as cooking gas and the consequent price hike across the country.
He said the 450,000MT allocated to the domestic market was the total volume of butane produced annually by the NLNG, adding that only about 375,000MT was procured by the gas marketers in 2020.
He said that this meant that the NLNG supplied over 80 per cent of its LPG sales (Butane/cooking gas) to the Nigerian market and was therefore prioritising the domestic market.
Ogbogbo, however, expressed optimism that NLNG would increase its production capacity by 35% with completion of Train 7, which will in turn boost domestic supply.
He said NLNG was primarily an export company that produces 22 MTPA of Liquefied Natural Gas (LNG) and five MTPA of Natural Gas Liquids (NGLs).
Ogbogbo said the company was also working to supply LNG to the domestic market from 2022 to boost power supply and industrial development across the country.