Integrated oil and gas company, NIPCO Plc, has spoken of the positive impact which its 10,000 metric tons plant will have in the distribution of LPG to gas markets plants across Nigeria and servicing over 25 LPG off takers approved by the Nigeria Liquefied Natural Gas, NLNG Ltd.
Managing Director of the company, Sanjay Teotia, who declared this during the conferment of special award by Nigeria Association of LPG Marketers (NALPGAM) on the company, in Uyo, Akwa Ibom state, maintained that NIPCO’s storage and distribution system has always been within the context of the Annual Contract Quantity [ACQ] approved by the Nigeria LNG, which had been meticulously followed to the delight of all stakeholders .
Teotia spoke through the company’s Assistant General Manager, Corporate Affairs, Lawal Taofeek, at the event, which was also used to deepen LPG usage in the state.
Throwing his weight behind the NLNG for maintaining global standard in its dealings with all stakeholders, Teotia noted that the gas giant had been fair and just to all in the distribution of the product under the ACQ, which had partly contributed to the growth in the usage and utilization of the clean and smoke-free cooking fuel.
He said; “The company’s efforts in the sector is aimed at improving the gas value chain by providing avenue for storage and dispense to bottling plants owners and other ancillary operators in the LPG market . In the course of NIPCO’s intervention, the transport infrastructure and delivery system were improved upon with scores of LPG delivery trucks to bottling plants and over 60 skids inaugurated by the company across the country.
“Our plant with a combined capacity of over 10,000mt has not only served as veritable channel for storage of the product alone but also distribution to gas markets plants across the nation and servicing of over 25 LPG off takers approved by the Nigeria LNG Ltd.
“NIPCO’s storage and distribution system has always been within the context of the Annual Contract Quantity [ACQ] approved by the Nigeria LNG which had been meticulously followed to the delight of all stakeholders .”
It is pertinent, according to the NIPCO’s boss, to mention that NLNG had been fair and just to all in the distribution of the product under the ACQ to all buyers which had partly contributed to the growth in the usage and utilization of the clean and smoke free cooking fuel.
“NLNG has remained a reasonable and consistent company in honoring agreement with all buyers in line with its ACQ, a feat that we are delighted upon as one of t6he key operators in the LPG sub sector of the hydrocarbon industry.
“The intervention of NLNG in the domestic LPG market since 2007 has been commendable with regularity of supplies with majority of the organization off takers taking their volumes through the PPMC jetties with its attendant cheaper logistic cost of receipt,” he said.
Reacting to the award, Teotia said; “It is a thing of joy to be part of one of the giant strides of the Nigerian Association of LPG Marketers [NALPGAM] at deepening usage of LPG as preferred cooking fuel amongst the populace and the conferment of special recognition award on NIPCO Plc.
“The sensitization programme is very apt as veritable avenue of increasing awareness of the LPG usage as cooking energy of choice in the country taking due consideration of the abundance of the energy resource in Nigeria.
“NIPCO had been consistent in supporting awareness program in the sector to raise stakeholders’ awareness and improved safety consciousness across the country through plethora of events including printing of LPG safety pamphlets and donation of gas accessories.”
The award for the company, he added, is well appreciated, taking into consideration the reasons adduced for the recognition among the plethora of stakeholders in the sector.
NIPCO in the letter of award was adjudged to have played exemplary roles in deepening of LPG utilization/consumption in Nigeria in the areas of LPG availability, distribution, accessibility and affordability.
The National President , Barrister Nosa Ogieva–Okunbor, and members of the Governing Council of the association noted that since the entry of the company in 2009, the face of the business is changing positively with more avenue to source the product for the benefit of end-users.
NIPCO also recalls with delight the presentation of the best LPG marketing company of the year to the company in 2017, a feat that has emboldens the organization to render selfless service to stakeholders in the sector in particular and the industry in general.
“Once again accept our congratulations for the successful hosting of stakeholders in your drive to improve LPG utilization across the country even as we assure all of our resolve to continue to promote LPG use among the populace,” he concluded.