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Nigeria’s LPG Consumption Rise to One Million MT

…..by Musa Ibrahim……… The Nigeria Liquefied Natural Gas (NLNG) Limited, has seen an increase in consumption of Liquefied Petroleum Gas, LPF, or cooking gas from 50,000 MT, metric tonnes in 2007 to one million metric tone in 2020. Following the seeming rise and determination of the Federal Government to commercialize gas utilization, the NLNG, promised to increase its allocation of ...

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Experts To Examine Nigeria’s Gas Led Economic Recovery Initiative

by Musa Ibrahim…………. The Nigeria Liquefied Petroleum Gas Association (NLPGA), 10th International Annual LPG Conference, will gather key industry players who will examine Nigeria’s economic recovery process with gas as key driver. This year’s edition, which will be the first to be hosted virtually, due to the prevailing COVID-19 pandemic and in alignment with social distancing precautions, is themed “LPG: ...

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NNPC Clarifies Increase in PMS Ex-Coastal, Ex-Depot Price of PMS

The Nigerian National Petroleum Corporation (NNPC) has said it is aware of a document widely circulating in the media purporting an increase in the PPMC Ex-Coastal Price and Ex-Depot Price (with collection) to N130 and N155.17 respectively and wishes to clarify that although there was a slight increase in the price based on the prevailing realities of market forces of ...

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NNPC Denies Non-Remittance of N21bn NLNG Revenue

The Nigerian National Petroleum Corporation (NNPC) has denied allegations it did not remit N21bn revenue from Nigeria Liquefied Natural Gas (NLNG) to the Federation Account. Its Group Managing Director (GMD) Mele Kyari dismissed the allegation as pedestrian and false. The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) had in a report submitted to the House of Representatives Committee on Public ...

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Dangote Refinery to Employ Over 250,000 Nigerians

The management of Dangote Refinery and Petrochemicals has disclosed that the 650,000 barrels per day project will create jobs for not less than 250,000 Nigerians when completed and fully operational next year. Group Executive Director, Strategy and Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin, told reporters at the site that the company’s Refinery has potential to turn around Nigeria’s ...

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NLNG Targets 450,000MT LPG Supply to Nigerian Market 2021 – MD

The Nigeria Liquefied Natural Gas (NLNG) Limited says it will increase its allocation of Liquefied Petroleum Gas (LPG) to the domestic market from 350, 000MT to 450, 000MT by 2021. The NLNG said the move was aimed at supporting the Federal Government’s plan to deepen LPG (cooking gas) penetration in Nigeria. Mr Tony Attah, Managing Director, NLNG, made the announcement ...

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Petrol Hit N170 Per Litre as PPMC Raise Depot Price to N155.17

The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre from N147.67 per litre. The PPMC disclosed this in an internal memo with reference number PPMC/C/MK/003, dated November 11, 2020, and signed by Tijjani Ali. According to PPMC, the new ...

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Energy 202: Conservatives Predict Gas Prices will Spike Under Biden. .

……..By Dino Grandoni……. ……………Neither Biden nor President Trump have a secret lever at the Resolute Desk that makes the price of oil go drastically up or down……………. .A dubious meme has emerged online in conservative circles: The price of gasoline will spike because Joe Biden is taking office. The theory is that the president-elect’s coming efforts to wean the United ...

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IYC Warns FG Against Planned Relocation Of DPR Office From Lagos To Abuja

The leadership of the umbrella body of Ijaw youths, the Ijaw Youths Council (IYC) Worldwide, has drawn the attention of the Federal Government to the grave consequences if the ongoing move to relocate the headquarters of the Department of Petroleum Resources (DPR) from Lagos to Abuja is implemented. The IYC spoke through its President, Peter Timothy Igbifa, in a statement ...

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Total Commissions 3D Seismic Survey Offshore Senegal

Total has contracted Shearwater GeoServices to acquire and process 3D seismic offshore Senegal. Shearwater’s SW Empress will manage the two-month, 5,000-sq km (1,930-sq mi) survey over the UDO Block Exploration area, employing a wide-tow Flexisource configuration. The company will apply its Reveal software for the fast-track processing. It follows another recent award by Total to Shearwater for work off northwest ...

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