News Investigators/ The Nigerian government Thursday announced its plan to suspend shipment of Liquefied Petroleum Gas (LPG), better known as cooking gas, to stem scarcity and mitigate increase in price.
Minister of State, Petroleum Resources, Ekperikpe Ekpo, disclosed this at the “Internal Stakeholders’ Workshop,” in Abuja.
Speaking against the backdrop of government measures to control the rising cost of domestic gas, Mr. Ekpo said the ministry is discussing constantly with critical stakeholders like the Nigerian Midstream and Downstream Petroleum Regulatory Authority and operators such as Mobil, Chevron, and Shell to address the issue.
He explained that once there is a stoppage of the export of locally produced domestic gas, there will be more volume for the domestic market which will automatically reduce the price of the product.
His words: “We are interacting with critical stakeholders to ensure that there is no exportation of LPG.
“All LPG produced within the country will have to be domesticated. And when this is done, the volume will increase and of course, the price will automatically crash.
“I am in contact with the regulation, NMDPRA, we hold meetings almost on daily basis, and the producers such as Mobil, Chevron, and Shell. So there is that hope that things will turn around. We don’t need to make noise about it.”
