According to the Nigeria LNG Limited, despite a force majeure declaration made in October 2022 and issues with feed gas supply, the Bonny Island plant is still operating. According to Odeh, the plant kept producing Liquefied Natural Gas (LNG) and Liquid Petroleum Gas (LPG) in proportion to the feed gas it was receiving from its upstream suppliers.
The company is carefully watching how all pertinent parties resolve supply challenges, he continued. However, the average retail price that consumers pay to buy cooking gas, also known as liquefied petroleum gas, has continued to soar.
According to a NAN correspondent who has been keeping an eye on the LPG retail market, the average retail price to refill a 12.5kg gas cylinder increased to N9,700 in December 2022 from N7,800 the previous month.