The Federal Government has initiated a process to resolve challenges bordering on the supply and
pricing of Liquefied Petroleum Gas in the country’s domestic market better known as cooking gas.
A statement by Louis Ibah, spokesman for the Minister of State Petroleum Resources (Gas), Ekperikpe
Ekpo, said the minister waded into the issue following a rise in the price of LPG per kg from about N700 to above N1,100 in some parts of the country.
He said the meeting, at the instance of the minister, which was held at the NNPC Towers Abuja recently had in attendance top officials of Chevron Nigeria Limited led by Sansay Narasimi; Nigerian Midstream
Downstream Petroleum Regulatory Authority led by its Chief Executive Officer, Farouk Ahmed and the
Nigerian National Petroleum Corporation Limited.
The minister who noted that Nigeria is abundantly endowed with gas reserves, said the situation where some of the multinational firms were more concerned with gas exports without dedicating huge volumes to the domestic market were unacceptable and should be discouraged.
He said, “With the exponential increase in the price of LPG, there is the need for the Federal
Government to intervene and I am representing this at this moment.
“We acknowledge that some producers are exporting while we are faced with the challenges of
“Public interest is the overriding interest all over the world for the government, and the demand for LPG
will increase as we approach December…you have a public service obligation to collaborate with the
government to ensure the security of gas supply, we need to therefore bend backwards and find solutions, to ensure that we have sufficient supply and stability in-country, and that Nigerians have gas.”
The minister thereafter constituted a committee with a mandate to come up with recommendations on
how to boost supplies and crash LPG prices within a week.