Today, in Lagos, the Authority held a meeting with Oil & Gas Associations, Chief Executives of schools, banks, hotels, factories, estate developers and other big companies on the use of gas.
The objective of the engagement was to ensure the transition of huge consumers of AGO and PMS to gas, create awareness on the dangers of installing unlicensed diesel storage and need for any company, operating in whichever sector, to obtain licenses from the Authority to store a large quantity of petroleum products.
The Authority Chief Executive, Engr Farouk Ahmed, represented by Mr OGBUGO UKOHA, the Executive Director, Distributions Systems, Storage and Retailing Infrastructure, tasked the public to consider the use of gas as the transition fuel in the country.
“We encourage operators and businesses to take advantage of the evolving opportunities in the gas value chain for sustainable business growth by positioning their energy needs to embrace gas derivatives (LNG, LPG, CNG, Auotogas, Propane & Butane) in order to hedge against future global uncertainties to diesel supply".
“Finally, the support and collaboration of operators and businesses are enjoined to achieve a safer and cheaper energy operating environment. The Authority accordingly appeals to all petroleum handlers to fully comply with the provisions of the PIA and NMDPRA regulations to avoid strong regulatory enforcement, which may adversely impact on business operations,” he said. The NMDPRA Boss reiterated the Authority’s commitment to enabling businesses and ensuring the growth of the midstream and downstream sector in Nigeria.
LPG in Nigeria's opinion, is for NMDPRA to do more in enlightening stakeholders in the industry about the new regulations and how to avoid the pitfalls. Many businesses could be affected as a result of the changes and additions in the regulations, which would stunt the growth of the industry. This meeting was quite insightful, and we will write on the important issues discussed so that the public is aware of NMDPRA's stance on licensing and permits.