Operators under the aegis of the Nigeria Liquefied Petroleum Gas Association (NLPGA), say they have projected the value for Nigeria’s Liquefied Petroleum Gas (LPG) market in the next five years to hit over $10 billion, The Nation reports.

The Chairman, Safety & Technical Committee of the NLPGA and Deputy President of the association, Nuhu Yakubu, said: “It is not cheap to build a gas terminal, but in the last five years a couple of private LPG terminals have sprung up in different parts of the country. The terminals include NAFGAS and NIPCO. Pipeline and Products Marketing Company (PPMC), an arm of the Nigerian National Petroleum Corporation (NNPC), is expanding its terminal while inland terminals (the butanisation plants) are being reactivated by the NNPC.”

He added; “More bottling plants have sprung up, the ones that have been idle are being activated, LPG road tankers, which is a critical component of the value chain, have increased. By 2007, LPG road tankers were less than 100, but at the end of third quarter of 2017, it was in excess of 1,000. So, there is a phenomenal growth across the entire LPG value chain as with the demand also. LPG demand by 2007 was 70,000 metric tons per annum and has risen to over 600,000 metric tons as at the end of 2017.”

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