The Nigerian Association of LPG Marketers (NALPGAM) says it plans to increase local consumption of cooking gas from 700,000 metric tonnes yearly to one million metric tonnes by 2020.
President of the association, Mr Nosakhare Ogieva-Okunbor, made this known at a Liquefied Petroleum Gas (LPG) stakeholders’ forum tagged: “Creating Awareness and Safe Handling of LPG’’ in Lagos on Friday.
Ogieva-Okunbor said that if every stakeholder within the LPG value-chain does what is right, the target would increase to about five million metric tonnes by 2025.
He said that if achieved, Nigeria would have attained the League of Nations with high level of LPG consumption.
Ogieva-Okunbor said the association remained a vital link in the LPG distribution value-chain in Nigeria, adding that it was embarking on a nationwide awareness on the benefits and safe use of LPG..
The initiative, according to him, is to encourage voluntary switch from the use of firewood, charcoal, kerosene and other forms of dirty fuel to the use of cooking gas, which was the most efficient and effective cooking source.
Ogieve-Okunbor decried that cooking gas consumption in Nigeria had remained low due to lack of adequate awareness and other infrastructure challenges.
He advised government and other stakeholders to organise and promote campaigns to create awareness about cooking gas and its attendant environmental and health benefits.
Ogieva-Okunbor said that the association was using the occasion to complement the efforts of the Federal Government toward developing a vibrant LPG sector.
He also said that the sector could only witness the desired growth if the citizenry begin to use LPG as an alternative fuel for automobile and cooking.
The association president said: “This is to encourage voluntary switching from the use of firewood, charcoal, kerosene and other cooking sources to the use of cooking gas as the most efficient and effective cooking source.
“Cooking gas consumption in Nigeria has remained low; no, thanks to lack of adequate awareness creation and other infrastructure challenges.
‘‘Since a greater percentage of Nigeria’s population reside in the rural areas, efforts must be made by the government and stakeholders to encourage locals and non-governmental oragnisations (NGOs) to go to the remote areas to promote the product,’’ he said.
Ogieva-Okunbor said the association was embarking on a campaign project to create awareness for the commodity and also teach consumers on how best to handle cooking gas.
According to him, the campaign, will be taken to all states of the federation with a promise of free cooking gas cylinders to Nigerians and also teach them on the safe and proper handling of cooking gas.
Also, Mr Umar Ajiya, the Managing Director, Petroleum Products Marketing Company (PPMC), said that the organisation was not only at the forefront of deepening LPG usage, but also to stabilise domestic price of cooking gas.
Ajiya, represented by Mr Billy Okoye, the Executive Director in charge of Commercials, said that the agency was dialoguing with NLNG and importers to ensure the crash of LPG price in Nigeria.
He said that it would encourage people to desist from the use of dirty fuel, including firewood and charcoal and move to clean energy.
Nigeria In Trouble As Oil Price Crashes Below $20
Oil price fell below $20 a barrel yesterday, after the International Energy Agency (IEA) said demand would slump by a record this year despite a historic production cut deal.
Futures fell as much as 4.5% in New York to the lowest since 2002.
Oil demand will drop by over 9 million barrels a day this year, wiping out a decade of consumption growth, the IEA said, exhausting storage by mid-year.
While Saudi Arabia and other Gulf producers have pledged to cut supply starting next month, they have continued to flood the market in April.
Stockpiles are rising everywhere and weakening key physical market gauges. New York oil futures moved deeper into contango, signaling an expanding glut, while swap prices indicate North Sea cargoes are trading at bumper discounts.
Oil has lost about two-thirds of its value this year as countries extend their coronavirus lockdowns, death tolls mount around the world and unemployment explodes in America.
The International Monetary Fund (IMF) estimated the global economy will shrink 3% this year, a signal that energy demand may remain weak, while the IEA is warning that the worst may be yet to come.
“We may see further downward pressure on prices in coming days and weeks,” IEA Executive Director, Fatih Birol, said.
The IEA said consumption in April will fall by almost a third to the lowest level since 1995, and make this year the worst in the history of the oil market.
Despite OPEC+’s efforts to balance supply, global inventories will accumulate by 12 million barrels a day in the first half of the year and “overwhelm the logistics of the oil industry” in the coming weeks, it warned.
The massive OPEC+ deal to cut production starts next month. Until then the battle for market share persists with Abu Dhabi cutting its crude pricing for Asia. It follows a similar move by Saudi Arabia earlier in the week.
NUPENG Lauds Members Over Petrol Supply Amid Lockdown
The National Union of Petroleum and Natural Gas Workers (NUPENG), has commended its members on essential services for ensuring uninterrupted supply of petroleum products to every nooks and crannies of the country during the lockdown occasioned by the Coronavirus pandemic.
The union, however, decried the harassment and intimidation of oil company workers by security agents, calling on oil companies and the Department of Petroleum Resources (DPR) to provide adequate security passes for the workers.
NUPENG in a statement by its President and General Secretary, Prince Williams Akporeha and Olawale Afolabi, respectively, said petroleum tanker drivers, petrol station workers, petroleum products depot workers, oil and gas suppliers, and liquefied petroleum gas retailers, had made NUPENG and the entire labour movement proud as they moved through difficult and dangerous situations to ensure fuel supply to Nigerians.
The statement read in part: “The leadership of NUPENG has reviewed the roles of our members in the frontline in this critical period as Nigerians fight to contain the spread of the deadly and contagious coronavirus pandemic and we are proud to say our members on essential services have made us proud.
“In fact, not only have they made NUPENG and the United Labour Congress of Nigeria proud, our petroleum tanker drivers and others have made the entire labour movement proud by continuing to ensure uninterrupted supply of petroleum products to every nooks and crannies of the country despite the difficult and sometimes, dangerous situations as most states across the country are on lockdown.
“Once again, we appeal to state governments, security agents and Nigerians in general to cooperate with members of our unions who are risking their lives to provide essential services in the nation.”
NUPENG also appealed to corporate organisations to provide sanitisers and other safety kits to members of the union on essential services, to protect them and members of their families.
It stated: “We want to use the opportunity to call on oil companies and the DPR to provide adequate pass to our members on essential services to end the harassment and intimidation they are being subjected to by security agents across the country.”
FG Releases N200bn To Improve Power Sector
Group Managing Director of Nigerian National Petroleum Cooperation (NNPC), Mr Mele Kyari, says the Federal Government has made payment of over N200 billion to the power sector towards improving electricity supply in the country.
Kyari disclosed this while speaking with newsmen in Abuja, yesterday, shortly after a closed door meeting between the NNPC team, Minister of Power, Mr Sale Mamman and Managing Director of Transmission Company of Nigeria (TCN), Mr Usman Mohammed.
“Actually the Federal Government has made payment of over N200 billion for power in the last 23 days and this will go a long way to ensure that issues around power supply are addressed.
“We will work as a team to ensure that all issues are settled”, he said.
Kyari said that the team was in the Ministry of Power to inform the minister that in the last one or two months and particularly during the COVID-19 period, NNPC has increased gas supply to the power sector.
According to him, there will be significant improvement in power generation in all Federal Government and associated power facilities.
“This also means that Nigerians will get better access to power during this lockdown period and going forward.
“There are issues around power supply process and we have discussed most of them and we are moving as a team to make sure that we resolve issues around payment and evacuation.
“We are very confident that this will get the desired result. We will visit some power plants tomorrow to make sure that we sort out any issue to ensure that Nigerians have access to better power,” he said.
He said that the minister was very clear on what was to be done to improve power supply.
“We will make sure this becomes transparent and obvious to all Nigerians,” he said.
On his part, TCN Managing Director, Mr Usman Mohammed said that the meeting was to ensure that there was constant supply of power as directed by President Muhammadu Buhari.
Mohammed said that the President has directed that there should be constant power supply to the people during the COVID-19 lockdown.
“This is why this meeting was conveyed by the Minister of Power to discuss supply of gas to the power plants.
“This is very important, before now, we have been discussing with NNPC, of course there is gas availability in the market but there are several power plants that don’t have gas and that is a big problem for us.
“With this meeting where the minister prevailed that NNPC should assist in suppling gas to the power plants, we believe that will have steady and sustainable power supply going forward especially during the COVID-19 lockdown, “ he said.
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