Nigeria LPG industry consumption and performance – June 2021
According to PPPRA, the LPG industry lifted a total volume of 118,303MT during the month of June 2021. A 42% increase Year-on-Year and a 53% increase from May 2021 volumes. Volumes are inclusive of LPG & Propane from NPDC, Kwale Hydro Carbon Ltd (KHL) ( 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.
LPG sources in Nigeria.
LPG sourcing increased by a massive 53% during the month with the majority of the supplies (53%) from domestic sources.
At 43,253 MT, NLNG was responsible for about 42% of the LPG supply volumes with a marginal improvement on 40,213 MT delivered last month. Other local sources came from Greenville, PNG, KHL, and NPDC Oredo.
Prices of LPG at the depots hit 6.5 Million per 20 MT before the end of the month, while international prices hit a year-high of 558.9 USD/MT from 446.8 at the end of May.
LPG supply sources June 2021
Market Leaders in the Nigeria LPG market in June 2021.
Algasco tops the marketers’ performance chart with 22% of the market in their kitty. Stockgap Port Harcourt follows closely with 18% of the market. NIPCO came closely behind with 17% although the sister company 11 Plc went home with 4%.
How the LPG – Butane Depot fared in June 2021
LPG volumes by depot June 2021
Market Leaders in the Nigeria Propane market in June 2021.
The dominant player for the month of June remains KHL, supplying 9000 MT ( 58%) to the market. Indorama imported a cargo of Propane which amounted to 36% of the industry volumes. NPDC continued its epileptic operations – supplying just 6% of the market. 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.
On the LPG international prices front, the prices have continued in an unusual upward trend at this time of the year. Keep in touch for updates.