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Price Hike: NLNG To Begin Discharge Of Cooking Gas In Lagos New Jetty Terminal

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The Nigeria Liquefied Natural Gas says it will on Monday begin to discharge cooking gas to the New Oil Jetty terminal in Lagos.

Manager, Corporate Communications and Public Affairs, Mrs Sophia Horsfall, made this known to the News Agency of Nigeria on Monday in Lagos.

Horsfall spoke against the backdrop of marketers’ allegations of indiscriminate hike in the price of cooking gas due to inability of NLNG to meet up market demands.

Marketers, under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers had on Nov. 7 raised the alarm over indiscriminate hike in the price of gas by 75 per cent in the last two weeks.

It’s Executive Secretary, Mr Bassey Essien, said that the price of 20 metric tonnes of LPG, which cost between N3.15m and N3.5 million, had suddenly moved to N4.2 million.

Horsfall said that following the conclusion of technical approval processes required, the company would deliver LPG to the Nigeria market via the Stockgap Terminal and the two terminals in Lagos.

The spokesperson said that the company was most pleased to say that it commenced delivery to this terminal in October.

“Going forward, we will deliver LPG to the Nigeria market via the Stockgap Terminal and the two terminals in Lagos as well as other terminals that pass the strict technical compatibility reviews.

“In addition to helping with the penetration objective, this effort has also improved the supply chain efficiency with improved value potential for industry participants,” Horsfall said.”

 

Credit: NAN

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