Energy & Environment

FG to rehabilitate 3 refineries for local production of 360,000MT of gas by 2023

The Federal Government says it will rehabilitate the Warri, Port Harcourt and Kaduna Refineries to achieve local production of 360,000 MTPA of Liquefied Petroleum Gas (LPG) by 2023, the Minister of State for Petroleum, Mr Timipre Sylva, made the disclosure at Nigeria LPG Summit 2019 in Lagos on Wednesday.

The summit, jointly organised by the Nigeria Liquefied Petroleum Gas Association (NLPGA) and LPG Summit, based in Singapore has the theme, “LPG: Harmonising Development and Growth in Nigeria and Africa”. The minister, who was represented by his Technical Adviser on Gas Business and Policy Implementation, Mr Justice Derefaka, said the move was part of the National Gas Policy of the government.

He said other plans by the government include upgrading the Lagos-Apapa LPG Plant from 4,000MT to 8,000MT storage and increasing LPG allocation to the domestic market from Natural Gas Liquids (NGLs) to reduce butane/propane exports. According to him, the government also aims to diversify supply sources with 110,160MTPA from Nigerian Petroleum Development Company’s Oredo facility expected to come on stream by the first quarter of 2020.

“By our 2018 record, gas utilisation is being deepened by increasing LPG penetration. LPG consumption increased by about 16 per year on year.

“A total of 364 LPG plants licences and approvals were issued in 2018. This is expected to give about a 15 per cent rise in the nation’s LPG consumption based on storage capacity.

“We need to deliver the much-needed energy for development and growth.

“We need to explore ways and means to scale through the Nigeria energy hurdle and put in place strategic measures to address the downside issues, challenges, gaps and aggressively pursue the upside opportunities,” he said.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Quick News Africa is an integrated media solutions provider.

The company also provides solutions for web based communications, marketing and advertising.

Currently operating on a multiple – location system with correspondents in all nooks and crannies of Africa.

Copyright © 2008-2019 Quick News Africa.

To Top