The management of the Nigeria LNG Limited has said that marketers lack adequate infrastructure to store its Liquefied Petroleum Gas supply.
The marketers claimed that foreign investors underestimated demand in the Nigerian market resulting in marketers venturing into importation of the product.
They urged the government to grant approval for NLNG to supply more gas to the market to reduce the costs.
This is as the cost of refilling a 12.5-kilogramme cylinder of LPG has risen to as high as N7000 in some states.
The marketing manager of NLNG, Austin Ogbogbo, in a response to the claim made by the IPMAN said that the marketers did not have enough infrastructure to take up the gas the company supplied.
He said, “NLNG has grown its capacity from 50,000 metric tonnes per annum to 450,000 metric tonnes per annum of LPG in the past 14 years.
“Nigeria needs 1.2 million metric tonnes per annum, but even the 450,000 we produce cannot be absorbed by the market’s current infrastructure.
“We only operate in the midstream sub sector of the industry so we are only responsible for supplying to the market.”
