An expansion looming: LNG set to pave the way for LPG boom in the Nigerian market
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We are cheering for the breakthrough we see in the LPG sector in Nigeria.? The Nigerian Liquefied Natural Gas Company (NLNG) has unveiled its plan to channel the entire output of liquefied petroleum gas (LPG) into the Nigerian market. This move promises to revolutionize the clean cooking industry while presenting lucrative investment opportunities in the clean energy sector. This strategic decision is poised to make a remarkable contribution to the country's sustainable development agenda.
Nigeria has one of the world's highest rates of energy poverty, with about 174 million people lacking access to clean cooking LPG fuel. This means that about 13% of the population uses clean cooking LPG fuel, leaving over 80%? depending on dirty and inefficient fuels such as kerosene and firewood for cooking.?
A looming boom
This underserved market presents a huge opportunity for growth.? With the NLNG's commitment to supplying 100% of its LPG production to the domestic market,? the demand for clean cooking solutions is expected to increase significantly, creating new opportunities for investment and growth.
GAS360 is ready for the explosion.
GAS360 has established a strong market presence in Nigeria by catering to the needs of over 700 esteemed retailers. In its relentless pursuit of growth and development, the company is steadfast in its mission to expand its reach across various cities in the country. This strategic endeavour aims to amplify its presence within the LPG retail space and serve a broader spectrum of clients. Notably, GAS360 has also taken significant strides towards diversifying its clientele by extending its services to cater to the needs of food vendors, thereby consolidating its position as a leading player in the Nigerian energy landscape.