No Hike in Cooking Gas Price- NLNG boss

Mr Tony Attah, the CEO of Nigerian Liquefied Natural Gas (NLNG) said on Wednesday during the company’s presentation of “2017 Facts and Figures on NLNG’’ in Lagos that the company has not increased the price of cooking gas, also called Liquefied Petroleum Gas (LPG), He rather attributed the price hike by retailers to acute infrastructural…”
Tolu
April 20, 2017 9:04 am

Mr Tony Attah, the CEO of Nigerian Liquefied Natural Gas (NLNG) said on Wednesday during the company’s presentation of “2017 Facts and Figures on NLNG’’ in Lagos that the company has not increased the price of cooking gas, also called Liquefied Petroleum Gas (LPG),

He rather attributed the price hike by retailers to acute infrastructural challenges for discharging cooking gas nationwide since the only jetty available for discharging the product was in Lagos, and added that the company was planning to rehabilitate the Calabar Jetty, in order to create another discharge point, apart from Lagos

Attah noted that “it is ridiculous that what the NLNG produces in Bonny Island, we have to take to Lagos before bringing it back to Port Harcourt for usage”.

“Nigeria is seen as the fastest developing country in terms of gas delivery.

“We receive gas from the offshore, clean it, store it and deliver to customers worldwide in liquid form.

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“From inception till date, the company has reaped over 90billion dollars in revenue, 5.5 billion dollars in taxes and 13billion dollars in dividends for the Federal Government,’’ he said.

“Apart from this, the company ensures that it provides potable water, housing and education to the host community.

“At present, the company is working with the Federal Ministry of Works for the construction of the 39-km Bonny/Port Harcourt road.

“We have put down 50 per cent of the money which is N60billion, and we expect the Ministry to award the contract, this year.

“We are working towards making Bonny Island a mini Dubai by the year 2040 by contributing N3 billion annually for this project,’’ he added.

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