One of the major distributors of Liquefied Petroleum Gas (LPG) also known as cooking gas in Nigeria, NIPCO Plc, has declared plans to deepen the commitment of its 10,000metric tons plant for distribution of the product to gas markets plants across the nation and servicing of over 25 LPG off takers approved by the Nigeria LNG Ltd.
Managing Director of the company, Sanjay Teotia, who declared this during the conferment Of Special Award by Nigeria Association of LPG marketers (NALPGAM) on the Company, maintained that NIPCO’s storage and distribution system has always been within the context of the Annual Contract Quantity [ACQ] approved by the Nigeria LNG (NLNG).
Teotia spoke through the company’s Assistant General Manager, Corporate Affairs ,Lawal Taofeek.
Throwing his weight behind the NLNG for maintaining global standard in its dealings with all stakeholders, Teotia noted that the gas giant had been fair and just to all in the distribution of the product under the ACQ to all buyers which had partly contributed to the growth in the usage and utilization of the clean and smoke free cooking fuel.
He said; “The company’s efforts in the sector is aimed at improving the gas value chain by providing avenue for storage and dispense to bottling plants owners and other ancillary operators in the LPG market . In the course of NIPCO’s intervention, the transport infrastructure and delivery system were improved upon with scores of LPG delivery trucks to bottling plants and over 60 skids inaugurated by the company across the country.
“Our plant with a combined capacity of over 10,000mt has not only served as veritable channel for storage of the product alone but also distribution to gas markets plants across the nation and servicing of over 25 LPG off takers approved by the Nigeria LNG Ltd.
“NIPCO’s storage and distribution system has always been within the context of the Annual Contract Quantity [ACQ] approved by the Nigeria LNG which had been meticulously followed to the delight of all stakeholders .”
On the distribution of the product, he said: “NLNG has remained a reasonable and consistent company in honouring agreement with all buyers in line with its ACQ, a feat that we are delighted upon as one of t6he key operators in the LPG sub sector of the hydrocarbon industry.
“The intervention of NLNG in the domestic LPG market since 2007 has been commendable with regularity of supplies with majority of the organization off takers taking their volumes through the PPMC jetties with its attendant cheaper logistic cost of receipt,” he said.
NIPCO in the letter of award was adjudged to have played exemplary roles in deepening of LPG utilization / consumption in Nigeria in the areas of LPG availability, distribution, accessibility and affordability.
The National President, NALPGAM, Nosa Ogieva -Okunbor and members of the Governing council of the association noted that since the entry of the company in 2009, the face of the business has changed positively with more avenue to source the product for the benefit of end users.