NIPCO Group says it has invested approximately two billion dollars in Nigeria’s oil and gas sector, covering pipelines, CNG, LPG and retail infrastructure. Mr Nagendra Verma, Managing Director, NIPCO, disclosed this on Thursday while briefing newsmen on the company’s developments in Nigeria’s oil and gas sector. “Over the years, the group has invested approximately two […]
“Our results for the reporting quarter were impacted by a heavy drydocking schedule as well as the market. Volatility, which is ever-present in freight markets, has been more acute in reaction to recent abrupt geopolitical movements. Our bookings for the current quarter are at strong rates, supporting our positive outlook, which is rooted in our confidence in the resilience and the fundamentals of the LPG trade”, John C. Hadjipateras, Chairman, President and Chief Executive Officer of the company, said.
Natural gas has been dubbed the ‘fuel of the future’ in Africa, largely due to its availability and sustainability. With over 620 trillion cubic feet of proven gas resources across the continent, the development of the industry offers newfound opportunities for Africa to tap into an alternative energy supply.
The Chamber of Petroleum Consumers (COPEC) is projecting a marginal 4.36% increase in prices of Liquified Petroleum Gas from Wednesday 1 March 2023.
A renowned Energy Policy Analyst, Mr Ben Nsiah says the hikes in the prices of Liquefied Petroleum Gas LPG will have consequences on Ghana’s environment.