Nigeria Gas Operators Plan Investment in Storage

The Nigerian Liquefied Petroleum Gas Association (NLPGA) has plans to invest more in gas storage facilities in the country despite operators having invested over $400 million in the past five years.

The moves comes after recent scarcity of LPG caused by rift between the Nigeria Liquefied Natural Gas (NLNG) and Nigeria Maritime Administration and Safety Agency (NIMASA), Leadership.ng said in a report.

President of NLPGA, Dayo Adesina, said the gas storage facilities have become imperative since the authorities cannot guarantee steady supply through prompt settlement of disagreement by its agencies.

He noted that the recent scarcity of the product caused by the rift between NLNG and NIMASA has further thrown up the challenge of considering further investments in strategic storage which the private sector is once again ready to take up, Leadership reported.