100 per cent of the Liquefied Petroleum Gas (LPG) production (Propane & Butane) from the NLNG will, henceforth, be dedicated to the Nigerian domestic market.
This was disclosed in a statement by the NLNG on Thursday, consequent upon the approval by the Board of Directors of Nigeria LNG Limited.
The policy decision is expected to crash the price of cooking gas which has been rising since March 2021, as suppliers blamed high foreign exchange, supply and tax issues.
In October 2021, the NLNG supplied its first Propane cargo into the domestic market and has developed a scheme to sustainably supply Propane for usage in cooking gas blending as well as in agro-allied, autogas, power and petrochemical sectors of the economy.
NLNG, currently the highest single supplier of LPG into the Nigerian market, supplied an estimated 400,000 metric tonnes (MT) in 2021.