The Petroleum Products Pricing Regulatory Agency (PPPRA) has assured that it would flood the Nigerian market with about twenty million gas cylinders in year 2020 and also increase the production by 100 per cent by 2022.
General Manager, Gas and Renewable Energy Department of the PPPRA, Mr. Olasupo Agbaje stated this last week in Abuja.
Agbaje however assured that the agency is drawing up a code of conduct for operators in the Nigerian gas market. He said the development of the code of conduct was in collaboration with stakeholders in the gas sector.
He listed the stakeholders as the Ministry of Petroleum Resources, MPR; Department of Petroleum Resources, DPR; Standards Organisation of Nigeria, SON; Weight and Measures and all operators in Government and the private sector.
Agbaje said, “The PPPRA is involved in the collation and development of an appropriate and comprehensive code of conduct for operators in the gas market along the value chain, in collaboration with MPR, DPR, SON, Weight and Measures and all operators in Government and the private sector. Stakeholders’ engagements will be intensified to achieve this objective.”
He further stated as part of the National Gas Policy, NGP, the PPPRA, on behalf of the Federal Government initiated the Nigeria LPG Expansion and Penetration Programme through liaison between the office of the Vice President and the Ministry of Petroleum Resources for the Nigerian LPG Market.
“The government was also targeting increasing domestic consumption of LPG to five million metric tonnes by 2022 and the removal of Value Added Tax, VAT, on domestic production of cylinders and LPG itself,” he added.