The New Liquified Petroleum Gas Guidelines: Key Considerations For Investors & Operators
The Department of Petroleum Resources in Nigeria (DPR) recently approved new guidelines for the accommodation of more Liquefied Petroleum Gas (LPG) investors and operators across the country. The new guidelines are in line with the federal government’s plan to achieve over five million metric tonnes (5,000,000 MT) of domestic, commercial, and industrial LPG utilization in the next 10 years. It is expected that the new guidelines for Investors and Operators will improve this sector by:
1. Attracting more investment into Nigeria’s Liquefied Petroleum Gas (LPG), the new guidelines will accommodate more investors and operators across the country.
2. Enhancing the availability of LPG also known as cooking gas in Nigeria, as well as meeting the current administration’s target of 5 million metric tonnes of domestic, commercial, and industrial LPG utilization in the next 10 years.
3. Proper utilization of LPG for job creation and national development which is the aspiration of the Federal Government.
4. Making purchase of gas more affordable for Nigerians through the Federal government’s National Gas Expansion Programme.
In an effort to curb the occurrence of gas explosion & fire incidents and improve safety in gas storage, sales, and distribution in the state, the DPR is also collaborating with the Lagos State Government and other stakeholders by shutting down plants for non-compliance with international safety standards and operating without approval or license from the DPR. A DPR permit is required to operate a company or facility that has to do with the Oil and Gas industry in Nigeria.
At BishopAndRooks, our Corporate Service Unit provides regulatory compliance support to stakeholders in the Oil and Gas sector in Nigeria. We also assist with permit and licensing requirements. For further information on above, please contact: BishopAndRooks Corporate Services Limited
Telephone: +234 8183881259, +2348095812716,