Energy Briefs
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THE Independent Petroleum Marketers Association of Nigeria, IPMAN, has called on the federal government and gas operators in the country to commit to manufacturing gas cylinder in the country. Aminu Abdulkadir, chairman, IPMAN Board of Trustees, made the appeal in an interview in Lagos against the backdrop of substandard cylinders in circulation.
He said that the aim would be realised if stakeholders in the gas business could come together to deepen utilisation of gas and address the challenges in the sector. Abdulkadir also advised gas operating companies and stakeholders in the Liquefied Petroleum Gas, LPG or cooking gas downstream sector to develop a strategy that would drive the manufacturing of cylinders.
He described gas cylinder manufacturing as a quick win, adding that gas producing companies and gas stakeholders played key roles in the establishment of a cylinder manufacturing company in the country. According to him, once the government and industry operators agree on the framework, it will attract investors to put down their funds on assets that will deepen long term contracts.
“Gas cylinders are tied directly to a huge market; the opportunities are there, even across the Gulf of Guinea. Once local manufacturing of gas cylinders begins, government will ban the importation of gas cylinders and insist that LPG producers deliver gas only to facilities that comply with extant policies,” he said.
Abdulkadir advised that the government, the Bank of Industry, the Ministry of Petroleum Resources and the Central Bank of Nigeria to work together to enhance the success of the project.
— Aug 22, 2016 @ 01:00 GMT
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