The global economy was disrupted by the COVID-19 pandemic in 2020 which led to border closures and other lockdown measures in most countries. While some industries were adversely impacted by this, the global Liquefied Petroleum Gas (LPG) market stood tough, upheld by regions like India and China which had increased cooking, heating and petrochemical needs. Similar to the global LPG landscape, the Nigeria LPG market was resilient despite the coronavirus induced lockdown measures with consumption level hitting a new high to stand at about 1 million Metric Tonne Per Annum (MTPA) in 2020. This momentum has been sustained into 2021 demonstrating the emerging nature of the LPG market in Nigeria. Nevertheless, while it is clear that the country has come a long way from the 1,296 MTPA demand recorded in 2007, there is still a significant gap to be covered. This report provides an in-depth analysis of the LPG segment of Nigeria’s oil and gas industry.
The Liquefied Petroleum Gas Industry report provides answers to questions on: