08 Sep Kyari explains rising price of cooking gas
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has attributed the high price of cooking gas to undersupply.
He spoke during his courtesy visit to the Department of Petroleum Resources headquarters in Abuja on Wednesday.
He said, “Today, this country is undersupplied with gas; we can tell you that we are having difficulty filling our network across the country with gas. So that means that once supply is weak, it will affect pricing.
“Today, the supply mechanism of LPG is very weak. So, we are collaborating extensively to ensure that we are able to extract LPG from our gas resources so that it can be made available to the market.
“To make price more affordable, we are working towards providing more volume of gas into the domestic market. By doing this, we make it very close to home and extend the networks, once supply is high, it will definitely bring down the prices.”
In his remarks, the Chief Executive Officer of DPR, Sarki Auwalu, disclosed plans to increase gas production to 230 trillion cubic feet by 2030.
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