By our reporter/ The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has explained the reason behind the increase in the price of cooking gas in the country.
Kyari who made the disclosure during a working visit to the headquarters of the Department of Petroleum Resources (DPR) in Abuja on Tuesday, said the challenges in sourcing adequate supply of cooking gas has led to the increase in prices of the commodity.
“Today, this country is under supplied with gas. I can tell you that we are having difficulty feeding our network across the country with gas, every day, it is a trouble to deliver gas. Once your supply is weak, it will affect pricing”, Kyari said.
“The supply mechanism of our LPG is very weak, that is why we are collaborating extensively to make sure that we are able to extract LPG from our gas resources so that it is made available to the market. Once supply becomes high, definitely, the price will definitely be impacted.”
He, however, said the corporation is working with other sister agencies to make sure that more gas is available into the domestic market thus, making it close to homes.
According to him, the strategy to expand its network of availability would subsequently lead to gas directly delivered to homes of end users.
“If we do this, all cylinders will not be of any use. That is why I don’t see them used in many developed countries. When we are able to power thermal gas plants across the country and very close to the users, ultimately, homes will be run with electric cookers and utensils and that way, you will have less need for cylinders. We are transiting and we will continue to add more volume into the market so that we bring down the prices,” he said.
Kyari further explained that the excess availability of the commodity would also aid in stabilising power supply and distribution in the country as thermal plants will supply power generating companies’ gas which are affordable and accessible.
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