The Nigeria Liquefied Natural Gas Limited (NLNG) says the company is planning to reinforce the domestic Liquefied Petroleum Gas (LPG) market with a new LPG vessel.
The move will boost volume, availability, and increase consumption of the clean gas.
Andy Odeh, the Manager, Corporate Communications and Public Affairs of NLNG in a statement said the new LPG vessel wold be built by E.A Temile and Sons Company Limited, a wholly Nigerian company.
Odeh said that the Managing Director of NLNG, Tony Attah, at a contract signing ceremony in London on Thursday, said that the signing ceremony was ground-breaking for NLNG.
According to Attah this will support the company’s aspiratio to further help develop the DLPG market and promote the growth of indigenous companies and Nigeria’s economy.
“NLNG remains the single largest supplier of Liquefied Petroleum Gas (LPG) (over 50%) in Nigeria and looks to enable its expansion in future.
“We produce the LPG in our Plant in Bonny, Rivers State, Nigeria, and transport it by sea to Lagos from where it is distributed to every part of the country.
“This assures the product availability, accessibility, and affordability which is central to us as a company.
“NLNG’s domestic LPG intervention scheme aligns with its business focus of bringing energy to the world and helping to build a better Nigeria.”
Attah said that the company had contributed greatly to developing Nigerian Content policy.
“We work closely with the Nigeria Content Development Monitoring Board to ensure compliance with the Nigeria Oil and Gas Industry Content Development (NOGICD) Act 2010, consequent upon which we signed a Business to Business Service Level Agreement (SLA) with NCDMB in June 2017.”