Nigeria’s LPG Imports Rise by 107.61% to 61.8m MT in March
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reported that Nigeria imported a total of 61,884.291 metric tonnes (MT) of Liquefied Petroleum Gas (LPG) in March 2022.
The figures contained in a gas report published on the agency’s website, showed that Nigeria’s total gas import rose by 107.61% from the 29,807.591 MT recorded in the preceding month (February).
According to the report, the 61,884.291 MT cooking gas import, represented 47.9% of the total cooking gas supplied in the country in the month under review.
With regards to destinations, there were no changes as the United States of America and Argentina topped the suppliers of the commodity to Nigeria. They also topped in the previous month.
NMDPRA also indicated in the report that five companies – Algasco LPG Services Limited, Prudent Energy and Services Limited, Rainoil Limited, NIPCO and Techno Oil Limited – were responsible for Nigeria’s total cooking gas import in March 2022.
Further in the report, in March Algasco imported 22,389.781 MT of LPG from the US; Prudent Energy imported two consignments of LPG from the US, comprising 4,020.031 MT and 4,177.380 MT, while Rainoil brought in 7,512.035 MT of the commodity from Argentina.
On the other hand, NIPCO and Techno imported 12,129.213 MT and 11,665.851 MT, respectively, from the USA.
The downstream and midstream regulator, also said that a total of 129,291.824 MT of LPG was supplied in Nigeria in March, appreciating by 67.57% from 77,158.292 MT recorded in the previous month.
Of the total cooking gas supplied in March, 67,407.533 MT, representing 52.14% of the total LPG supplied in Nigeria, was sourced locally; in comparison, 47,350.701 MT of the commodity was sourced locally in February 2022, NMDPRA said.
The agency, formerly known as the Petroleum Products Pricing Regulatory Agency (PPPRA), reported that in the local category, Matrix Energy sourced 8,060.224 MT and 6,056.868 MT of LPG from Bonny River Terminal, which it then supplied to the Nigerian market.
Algasco sourced 6,881.480 MT and 13,444.576 MT of cooking gas from the Nigerian Liquefied Natural Gas (NLNG), Bonny for supply to the local market; NIPCO and 11 Plc supplied 13,426.615 MT, sourced from NLNG, Bonny; while Stockgap also sourced 9,771.583 MT and 9,766.187 MT of LPG from NLNG.
NMDPRA also disclosed that Ashtavinayak Hydrocarbon Limited, Kwale, Delta State, supplied 9,681.650 MT of propane in March 2022; while Nigerian Petroleum Development Company, Oredo, Benin and Greenville Natural Gas Limited, Rumuji, Rivers State supplied 1,893.450 MT and 291.650 MT of propane, respectively