FG Suspends the Export of Cooking Gas to Crash Price

Federal Government has ordered the suspension of export of Liquefied Petroleum Gas (LPG) to reduce the emerging shortage and rising prices of cooking gas in the country.

Petroleum Resources (GAS) Minister of State, Ekperikpe Ekpo announced this on Thursday at the internal stakeholder’s workshop in Abuja.

In attendance at the meeting, were top officials of the Nigerian midstream and downstream petroleum regulatory authority and the Nigeria National Petroleum Company Limited.

Also at the workshop were operators such as Shell, Mobil and Chevron.

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He said all locally produced LPG would be consumed in the country to increase supply in the market and crash the prices.

Meanwhile, when asked on Thursday to state when government vehicles would start running on Compressed Natural Gas as always championed by the government, the gas minister stated that he would speak on this later.

The Presidential Initiative on CNG was set up before the inauguration of the ministers, but I’m interfacing with them. The Federal Government committee is working towards realising the goals.

So the moment I get a clearer picture about it I will address you accordingly, Ekpo stated.

Nigeria has over 208 trillion standard cubic feet of gas reserves and is now viewed as a gas-rich nation.

But most of the country’s gas resources remained untapped due to several reasons such as lack of investments in the sector, the shift from fossil fuels, policy issues, among others.