Gas equalisation, downstream automation top priority, says PEF
The Federal Government through the Petroleum Equalisation Fund (PEF) has in Abuja, revealed plans to kick-off equalisation of Liquefied petroleum gas (LPG) otherwise called cooking gas in an attempt to tackle deforestation and other environmental hazards.
Speaking at a media workshop organised by PEF, Executive Secretary of the organisation, Ahmed Bobboi, who disclosed that the equalisation would be done through railway networks, noted that necessary approval have been granted.
Bobboi equally said contractors have been mobilised, while necessary equipment were being constructed to automate downstream activities in the country, especially the supply of petroleum products across the nation.
On completion, he stated that the country would be able to ascertain the actual demand and supply of the products across the nation, thereby providing accurate data that would enable government and the private sector to plan as well as reduce product hoarding and smuggling.
Admitting that product availability at uniform price in riverside communities, especially in the Niger Delta had remained a challenge; Bobboi said the administration would implement an initiative that targets petroleum products delivery to riverside and mountainous areas.
Speaking on the need to support the fight for cleaner environment, Bobboi said: “By equalising gas in this country, we will be able to reduce environmental pollution and deforestation. This is a global concern. United Nations and governments across the world are promoting the issue of clean environment, we are certain that we will reduce the challenge through gas equalisation.”
With sensor automated fuel management system and sensor network, he noted that the country would no longer continue to estimate the level of demand and supply of products in the country.
The initiative, which Bobboi said is being implemented with the National Bureau of Statistics (NBS) could take off before the end of this year.
According to him, the move will provide accurate data that would aid planning as well as address the problem of product hoarding and sharp practices by marketers; create a transparent system and seamless operation for stakeholders in the supply chain of petroleum sector.
Bobboi, who said the agency is facing the barrier of funding, said the need to address the challenges of Nigerians living in riverside and mountainous communities remained pertinent.
General Manager, Corporate Services, PEF, Dr. Goddy Nnadi, added that plan would enable the agency monitor products from tank farms to retail outlets.“People keep asking how many litres of petrol we use daily. We have all kinds of figures, but with this we can give you one figure that nobody can dispute.
“We will be able to tell the country what level of fuel every filling station has. We would monitor products that go into the tanks of the outlets. That would stop hoarding because if you tell us you don’t have fuel, from our system we will know if you have or not and even give you the exact quantity,” Nnadi said.