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Ekperikpe Ekpo is a Nigerian politician who serves as the Minister of State for petroleum resources (gas). [1] [2] He was a member of the House of Representatives representing Abak/Etim Ekpo/Ika federal constituency in the National Assembly from 2007 to 2011 [3] and the chairman of the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) since 2024.
LPG cylinders in India Liquefied petroleum gas tank on a rural farm. Predominantly in Europe and rural parts of many countries, LPG can provide an alternative to electric heating, heating oil, or kerosene. LPG is most often used in areas that do not have direct access to piped natural gas. In the UK about 200,000 households use LPG for heating.
In October 2019, NNPC announced the signing of a $2.5 billion pre-payment agreement with Nigeria LNG to fund upstream gas development projects. [4] In December 2021, the Federal Government of Nigeria and NNPC Ltd signed a ₦621 billion Memorandum of Understanding to finance the construction of critical road infrastructure across the country. [5]
As of 2007, Nigeria's oil revenue totaled $340 billion in exports since the 1970s and it was the fifth largest producer. [53] Nigeria imports most of its motor spirit, though it is a major oil exporter, and when fuel subsidies were lifted in January 2012, fuel increased from roughly $1.70 per gallon to $3.50. [54]
Natural gas prices 2000 - May 23, 2022 Comparison of natural gas prices in Japan, United Kingdom, and United States, 2007-2011 Natural gas prices at the Henry Hub in US Dollars per million Btu for the 2000-2010 decade. Price per million BTU of oil and natural gas in the US, 1998-2015
Autogas or LPG is liquefied petroleum gas (LPG) used as a fuel in internal combustion engines in vehicles as well as in stationary applications such as generators. It is a mixture of propane and butane .
Nigeria Commodity Exchange [citation needed] NCX Abuja, Nigeria Agricultural products Lagos Commodities and Futures Exchange [citation needed] LCFE Lagos, Nigeria Agricultural products, Oil and Gas, Currency, Solid Minerals AFEX Commodities Exchange Limited [8] AFEX Nigeria Abuja, Nigeria Agricultural products Zimbabwe Mercantile Exchange ZMX
In 2015, NLNG reported a 36.6% drop in its revenue due to declining oil and gas prices (US$6.84 billion in 2015, US$10.8 billion in 2014). [9] 2015 was the year that NLNG reached the threshold of US$85 billion of LNG exports in 15 years of business. [10] In July 2016, Tony Attah was named managing director and CEO of Nigeria LNG.