Nigeria LPG industry consumption and performance – July 2021
According to PPPRA, the LPG industry lifted a total volume of 118,329MT during July 2021; a 19% increase Year-on-Year and a 0% increase from June 2021 volumes. Volumes include LPG & Propane from Import and local sources – NPDC Oredo, Kwale Hydro Carbon Ltd (KHL), PNG – Umutu, and Greenville. ( source PPPRA). Volumes also included PNG – Umutu, and Greenville – Rumuji figures but didn’t capture their respective propane volumes. See how the players performed below.
For the first time, the Nigeria LPG industry achieves over 100,000MT in LPG volumes for 2 consecutive months.
The Nigeria LPG industry moved 118,329.22MT (PPPRA) during July 2021. see June report
107,224.584MT was mainly Butane while 11,104.640MT was mainly Propane, with Kwale Hydrocarbon Ltd in Kwale contributing over 95% of the propane volumes.
For the Butane volumes, 47% of the volumes came from Import while the balance 53% came from local with NLNG taking 71% of the local volumes.
LPG sources in Nigeria.
LPG sourcing remained impressive during the month with the majority of the supplies (53%) from domestic sources.
At 40,198 MT, NLNG was responsible for about 37% of the LPG ( Butane-mix) supply volumes with no real improvement on June LPG supplies of 43,000MT. Other local sources came from Greenville, PNG, KHL, and NPDC Oredo.
Prices of LPG at the depots hit 7 Million per 20 MT and above before the end of the month, while international prices hit a year-high of 595USD/MT from 558.9 at the end of June.
Market Leaders in the Nigeria LPG market in July 2021.
Algasco tops the marketers’ performance chart with 21% of the market. NIPCO follows closely with 17% of the market. The NLNG LPG – Offtakers took 12% of the market. Others were Stockgap and Prudent energy with 11% and 10% respectively.
How the LPG – Butane Depot fared in July 2021
Again, the NIPCO LPG depot was the most optimized in the month of July, with 23% of the LPG in the industry passing through their depot. NAVGAS and Stockgap followed closely at 16 and 15% respectively.
LPG volumes by depot July 2021
Market Leaders in the Nigeria Propane market in July 2021.
The dominant player for the month of July remains KHL, supplying over 10,000 MT ( 96%) to the market. NPDC, Oredo, supplied the remaining 4% of the propane. There were no activities reported from Greenville – Rumuji and PNG – Umutu plants.
We like to appreciate PPPRA’s support of the industry by its continuous improvement in the reporting on LPG and propane volumes.