Henry Ikem-Obih, the chief operating officer of Nigerian National Petroleum Corporation (NNPC), recently announced plans to invest US$2.5 billion in upgrading the infrastructure of the domestic LPG plant to restore production to 90% of the rated capacity. Currently, there are 8 plants. Reformed. He also said that the NNPC is discussing connecting all gas stations through pipelines to reduce transportation costs.
It is reported that Nigeria is the country with the largest natural gas reserves in Africa and the world’s tenth largest liquefied petroleum gas producer. The World Bank estimates that the potential for liquefied petroleum gas consumption in Nigeria is approximately 3.2 million tons per year, which is currently only 1.64 million tons per year.