Despite a force majeure declared in October 2022 and feed gas supply challenges, the Nigeria LNG Limited says its plant on Bonny Island, Rivers State, South-South Nigeria, is still active.
The General Manager, External Relations and Sustainable Development, NLNG, Mr. Andy Odeh, in a statement on Monday in Lagos, South-West Nigeria, explained that the plant continued to produce liquefied natural gas (LNG) and liquefied petroleum gas (LPG) commensurate with the feed gas it received from its upstream gas suppliers.
“In addition to ensuring steady operation, NLNG remains committed to its culture of transparency and maintains consistent communication with key stakeholders on developments in the upstream sector.
“The company is closely monitoring the resolution of supply challenges by all relevant parties,” he stated.
The average retail price of purchasing LPG, also known as cooking gas, has, however, continued to spike, with an average retail cost of refilling a 12.5-kilogramme gas cylinder rising to N9,700 in December 2022 as against N7,800 earlier.
During the review period, according to NAN, the price of refilling a three-kilogramme gas cylinder stood at N2,600 as against N1,800, and a five-kilogramme cylinder at N4, 600 as against N3,500.
Checks by The News Room revealed that a number of retailers have resorted to dispensing, from a half-kilogramme measurement benchmark, whatever quantity of refiil requested by buyers as a means of catering for all pockets and avoiding unsold stockpile.
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