In a bid to accommodate more Liquefied Petroleum Gas (LPG) investors and operators across Nigeria, the Department of Petroleum Resources has introduced new guidelines as part of its policy on natural gas development.
The guidelines form part of the Department’s measures to increase the availability of LPG across the country and to meet a target of five million metric tons of domestic, commercial and industrial LPG utilization in the next 10 years.
Also read: Setting up a Venture Capital company for startup investment in Nigeria
“We have a lot of people coming into the sector to invest, and the DPR is on the ground to ensure that they follow the regulatory requirements. We have brought out new guidelines to encourage investors and anybody that wants to operate in the sector to follow the guidelines,” noted Ayorinde Cardoso, Zonal Operations Controller of the DPR.
The Nigerian government – through the National Gas Expansion Program – has committed to making gas accessible and affordable for its citizens, as well as encouraged stakeholders to invest in the country’s LPG sector to accelerate the development of the domestic gas market.
For the original article, head over to our partners at Africa Oil & Power
