African marginal producers urged to leverage opportunities
Chairman, Green Energy International Ltd., Prof. Anthony Adegbulugbe, has said marginal oil field producers in Africa must leverage unique opportunities in the oil and gas business to survive.
Forex, infrastructural constraints worsen Nigeria LPG market woes
The continuous rise in the price of Liquefied Petroleum Gas (LPG), otherwise called cooking gas in Nigeria, may continue for a while if challenges relating to foreign exchange, infrastructure, and planning are not addressed now.
Era of VAT charges on LPG almost gone, says PPMC
In line with the Federal Government’s aspirations to increase local consumption of Liquefied Petroleum Gas (LPG) in the country, Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has disclosed plans by the government to remove the existing value added tax (VAT) on LPG sourced locally. The company’s Executive Director,…
LPG, kerosene consumer prices drop year-on-year
Consumer prices of Liquefied Petroleum Gas (LPG/cooking gas), and national Household Kerosene dropped year-on-year in tandem with the declining inflation level in the Nigerian economy. The average price for the refilling of a 5kg cylinder of LPG, according to latest data from the National Bureau of Statistics (NBS), decreased by 8.17 per cent year-on-year to…
NCDMB to revitalise shut LPG plant to save 1,000 jobs
The Nigerian Content Development and Monitoring Board (NCDMB) would revamp the shut Liquefied Natural Gas (LPG) plant to save about 1,000 jobs. This comes as the NCDMB applauds the Nigeria LNG Limited (NLNG) for awarding the contract for the provision of a new build Liquefied Petroleum Gas (LPG) ship to a fully indigenous company,…
Sahara Gas boosts LPG availability with 7,000MT delivery to Nigeria
MT Sahara Gas, the newly built vessel acquired by the West Africa Gas Limited (WAGL), has delivered 7,000 metric tonnes (MT) of Liquefied Petroleum Gas (LPG), in its historic maiden voyage to Nigeria, to boost availability and safe access to the commodity widely referred to as cooking gas. WAGL is a Joint Venture (JV) between Nigerian…
NLNG to receive 23,000 cubic metres new LPG vessel in 2020
Barring any unforeseen circumstances, the Nigeria LNG Limited (NLNG) will take delivery of 23,000 cubic metres new vessel in 2020, to boost volume and supply of Liquefied Petroleum Gas (LPG) in the country.
Abandoned investments threaten future oil sector demand
Though the price of crude oil has maintain a steady increase in the last six months, for the members of Organisation of the Petroleum Exporting Countries...
DPR to release new guidelines for LPG operations in Nigeria
The Department of Petroleum Resources (DPR), has unveiled plans to release new guidelines to govern Nigeria’s Liquefied Petroleum Gas (LPG) sector. To achieve this, DPR will embark on stakeholders’ engagement in the LPG industry with a view to fashioning new guides on life threatening issues being taken for granted by operators in the industry.…
Prices of petroleum products decreased in March
Prices of Liquefied Petroleum Gas (LPG), National Household Kerosene (kerosene), and Automotive Gas Oil (diesel) decreased by 3.03 per cent, 6.79 per cent and 1.65 per cent respectively in March 2018.
Petrol subsidy hits N1.4 trillion, says Kachikwu
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that subsidy on Premium Motor Spirit (PMS), otherwise known as petrol, currently stands at N1.4 trillion.
Green energy gets nod to establish LPG extraction plant in Niger Delta
The operator of the Otakikpo marginal field in OML 11, Green Energy International Limited has gotten the nod of the Federal Government to establish a Liquefied Natural Gas (LPG) extraction plant at Ikuru town in River state. The License to Establish (LTE) of the 12mmscfd capacity plant was issued to the company by the Department…