Gas marketers caution consumers against panic buying

The Guardian 

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has cautioned Nigerians over panic buying of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas as a result of the force majeure declared by Nigeria Liquefied Natural Gas Limited (NLNG).

Its president, Oladapo Olatunbosun, sounded the note of caution in a statement against the backdrop of the company’s declaration, last Monday.
 
Olatunbosun stressed that consumers need not panic about a possible scarcity of the product as a result of the force majeure, even though the NLNG had explained that its plant is in operation though at a limited capacity, due to reduced gas supply from some of its upstream gas suppliers, adding, none of its assets on Bonny Island, or in any of its host communities are impacted by the flood.
 
The NLNG noted that the force majeure is as a consequence of a similar notice by upstream gas suppliers due to the impact of flood in their production facilities.
 
The President reiterated that “Based on information reaching the Association; NLNG has not shut down its production facility in Bonny as rumoured…