Liquefied Petroleum Gas (LPG) will soon flood the market Petroleum Gas Association of Nigeria (LPGAN) president Dapo Adesina has said.
He said the product is coming from the Nigeria Liquefied Natural Gas Limited (NLNG) based in Bonny, Port Harcourt, Rivers State. Adesina said the supply is imperative in order to buoy availability and minimise the stress consumers have gone through in recent times to buy the product.
Adesina dismissed allegations that the scarcity of the product was caused by technical problems. He said market forces were responsible for the shortage and slight increase in the price of LPG by operators, adding that NLNG has promised to replenish the market with the product.
He said the scarcity of LPG in the country, was caused by the forces of supply and demand, and not technical issues. “In the past few weeks, the demand for LPG has outstripped supply in the country. The moment LPG vessels berth in Lagos from Port Harcourt, people waste no time in demanding for the product”.
According to him, LPG consumption will exceed 350,000 tonnes in Nigeria before the end of 2015, in view of the fact that the demand for the product has increased.