NLNG Has Not Increased Price Of Cooking Gas
Nigerian Liquefied Natural Gas, NLNG, has not increased the price of cooking gas.
That's according to the Managing Director of NLNG, Tony Attah. He said this on Wednesday during the company’s presentation of “2017 Facts and Figures on NLNG’’ in Lagos.
He explained the increase in price by retailers was simply due to infrastructural challenges affecting product distribution in Nigeria.
He said the only jetty available for discharging the product is in Lagos, adding that the additional costs of sending the product to various parts of the country is responsible for the hike.
According to the Managing Director, it is ridiculous that what the NLNG produces in Bonny Island, we must take to Lagos before bringing it back to Port Harcourt for usage.
Attah disclosed that the company is planning to rehabilitate the Calabar Jetty, to create another discharge point, apart from Lagos.
The Managing Director also said that the company had shipped 3,600 cargoes of Liquefied Natural Gas (LNG) to various parts of the world since its inception in 1995 to Dec. 2016.
“Nigeria is the fastest developing country in terms of gas delivery.
“We receive gas from the offshore, clean it, store it and deliver to customers worldwide in liquid form.
“From inception till date, the company has reaped over 90 billion dollars in revenue, 5.5 billion dollars in taxes and 13 billion dollars in dividends for the Federal Government,’’ he said.