The Nigerian National Petroleum Corporation (NNPC) has announced that it would unveil the largest Liquefied Petroleum Gas (LPG) also known as cooking gas and Propane Storage and dispensing facility in Oredo, Benin City.
Mr Ndu Ughamadu, the Corporation’s spokesman, who made the disclosure in Abuja, said the corporation with its subsidiary the Nigerian National Petroleum Corporation (NPDC) would unveil the facility as part of its efforts to fast-track the consumption of LPG in the country.
“The facility, which is an extension of the Integrated Gas Handling Facility (IGHF) plant, has the capacity to dispense 330tonnes of LPG and 300tonnes of Propane daily,in addition to the 100Million standard cubic feet of gas per day (MMscfg/d) and 260 barrels per day Condensate from the IGHF plant” he said
Ughamadu noted that the Managing Director of NPDC, Mr Yusuf Matashi, said the IGHF would be a game changer for the National Oil Company, as both facilities (IGHF & LPG bay) when commissioned, would be a huge revenue stream for the Federal Government.
“Before the end of 2019 NPDC would be producing 40 per cent of the nation’s LPG requirements,’’ he quoted Matashi as saying.
Ughamadu noted that the NPDC boss said that the facility was centrally positioned to supply LPG to Lagos, South-South; South-East and to the North in order to grow its consumption across the country.
“Currently NPDC is the single largest supplier of gas to the domestic market with about 90 per cent of gas supply targeted at power generation to drive the nation’s economy positively.