Nigeria records steady rise in LNG consumption in 2020

Nigeria is on track to meet the 5million metric tones, gas consumption target, set in the Nigeria Gas Policy of 2017, by 2022.

The Petroleum Products Pricing Regulatory Agency, PPPRA, who disclosed this on Tuesday also said Nigeria’s domestic Liquefied Petroleum Gas, LPG, consumption exceeded 1million metric tones in 2020, making 2020 the first year in which Nigeria’s LPG consumption reached the 1million Metric tone threshold.

Nigeria consumed 840,594.37 MT LPG in 2019, indicating an increase of 60.5% over 635,452.061MT recorded in 2018.

The steady pattern of growth culminating in the over 1million metric tones of LPG domestic consumption milestone in 2020 has placed the country as the leading LPG consumer in West Africa and one of the leading LPG consuming nations on the continent.

Already, Nigeria Liquefied Natural Gas, Limited has increased its allocation of LPG to the domestic market from 350, 000MT to 450, 000MT in 2021

 

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