TheCable

MOB Integrated Services Limited says it has boosted Liquefied Petroleum Gas (LPG) also known as cooking gas in the country by 11,000 metric tonnes.

In a statement on Thursday, the company quoted Gbolahan Obanikoro, its chief executive officer (CEO), as saying that they have supplied over 25,000 metric tonnes monthly across sub-Sahara Africa.

Obanikoro said his company has positioned itself as a front runner in a bid to boost the supply and availability of cooking gas in the country in fulfillment of the Presidential Liquefied Petroleum Gas (LPG) expansion initiative.

“Nigeria is a sleeping giant with an annual consumption capacity of five million metric tonnes per annum,” the CEO said.

“We are currently consuming about 600,000 metric tonnes just a little above 10 per cent of our actual capacity.

“Our goal is to continue to push for the adoption and penetration of LPG across the country, ensuring that the product is available to consumers and of course position ourselves to harness the benefits of when the market takes a corner and the country is poised to achieving its consumption potential.

“In furtherance of the Presidential LPG Expansion Initiative aimed at deepening the usage and fully integrate the product into Nigeria’s energy mix, MT Sahara Gas, the newly built vessel acquired by the West Africa Gas Limited (WAGL), has delivered an unprecedented 11,000 metric tonnes of LPG to Nigeria in order to boost availability and safe access to the commodity.”

WAGL is a Joint Venture of Nigerian National Petroleum Corporation (NNPC) and Sahara Group.

Maikanti Baru, group managing director of the NNPC, had said WAGL remained committed to stabilising the market and ensuring sustainability of the commodity through strategic deliveries within the sub-region.

“This is a historic achievement for the NNPC and Sahara Group that showcases a truly successful partnership by all global standards,” Baru said.

“The quest is to achieve uninterrupted supply of the commodity and address infrastructural limitations as we continue to implement our zero tolerance policy against adulterated products and their promoters across Nigeria.”