The Nigerian National Petroleum Corporation (NNPC) announced its plans to reduce the importation of liquified petroleum gas (LPG) into the country upon the commissioning of the 100 million cubic feet of gas capacity facility at Oredo flow station in Benin City, Edo State.
Built by a subsidiary of the NNPC, Nigerian Petroleum Development Company (NPDC), the commissioning of the Oredo Integrated Gas Handling Facility is scheduled to take place on October 31 by H.E. President Muhammadu Buhari.
The plant has an estimated product stream of 330 tons of LPG, 2,600 daily barrels of condensate and 345 tons of industrial-grade propane. Upon completion, it will deliver 260,000 metric tons of LPG, which represents 40% of domestic demand, and will substantially cut costs of refined imports.
While the NPDC currently produces 260,000 barrels of petroleum products per day, against 136,000 barrels per day in 2019, its targeted production is 500,000 barrels per day.
According Mele Kyari, Group Managing Director of the NNPC, this is possible to achieve in two years due to the stream of projects and activities lined up.
“Today, we have the highest number of rings running in this country – five rings running at the same time, adding incremental value and delivering major projects, which will ultimately take to producing that 500,000 barrels per day target,” he says, adding that the support and alignment of all stakeholders, in conjunction with support from H.E. President Buhari, will allow for the company to ensure gas to be delivered without interruption to the domestic market.
