By KUNLE KALEJAYE

To encourage a wide usage of Liquefied Petroleum Gas, (LPG) across the country, NIPCO an integrated indigenous downstream operator in the oil and fad industry has thrown it weight behind viable policies that would ensure a booming LPG market in the country.

The company also articulated a policy paper on domestic LPG usage for consideration by the Federal Government and overviewed a strategy to develop a viable policy.

The policy paper was presented by the Managing Director of NIPCO, Mr Venkataraman Venkatapathy in a conference held in Abuja recently.

In the conference, stakeholders in the gas sector of the nation’s hydrocarbon industry stormed the venue to fashion out a strategic policy for a rapid growth in domestic Liquefied Petroleum Gas [LPG] usage in the country.

They had an interactive strategic policy consultation on how to create awareness on the benefit of LPG usage and best way Nigeria can rapidly develop the market.

The NIPCO boss said his company supported the summit as part of its conscious initiative of deepening the LPG market through a well articulated policy for the benefit of all stakeholders.

The company, he noted, had over the years put in place a massive 4,500 MT LPG storage facility and supported plethora of events for stakeholders to deepen the domestic gas market.

The Managing Director recalled scores of joint sponsorships and sole campaigns aimed at boosting LPG use as cooking gas and vehicular fuel ,citing the LPG summit organised by the Senate ,Federal Ministry of Environment auto gas fuel exhibition ,Cooking gas Awareness programme organised by Lagos Chamber of Commerce and Industry [LCCI] etc.

According to him, these initiatives are primarily to provide veritable platforms for a sustained campaign on the economic and environmental benefits of LP gas against the backdrop of the abundant gas resources in the country.