What are Liquefied Petroleum Gas? Liquefied petroleum gas can also be called liquid petroleum gas (LPG or LP gas). It is referred to as simply propane or butane, because they are flammable mixtures of hydrocarbon gases used as fuel in heating appliances, cooking equipment, and vehicles. Global liquefied petroleum gas (LPG) production reached over 292 million metric tons/yr in 2015, while global LPG consumption to over 284 mn t/yr. Nigeria currently has the seventh biggest Gas reserve in the world which is over 5.2 trillion cubic meters of natural gas. 62% LPG is extracted from natural gas while the rest is produced by the petrochemical refineries from crude oil. 44% of global consumption is in the domestic sector. LPG can be used in various ways. It is commonly used in cylinders across various different markets as a powerful fuel container in the recreation, fishing, sailing, agricultural, calefaction, hospitality and construction sectors. The gas can be used as fuel for central heating, water heating and for cooking, as it is particularly an efficient and cost effective way for heating off grid homes in Nigeria.

Our trade process spreads across CIF, FOB, TTO, and TTT, depending on the buyer’s preference. Here’s what they entail: 1). Cost Insurance and Freight (CIF): Here, the seller will handle everything from loading the vessel, paying for insurance, and sending the product to wherever the buyer wants it delivered. 2). Freight On Board (FOB): Here, the seller pays for the transportation of the goods to the port of shipment, plus loading costs, while the buyer pays the cost of marine freight transport, insurance, unloading, and transportation from the originating port to the final destination. 3). Tanker Take Over (TTO): Here, the buyer will take over the vessel, offload the product at their destination, and return it. 4). Tanker To Tanker (TTT): Here, the buyer uses their own vessel, long sides with the seller’s vessel, and then the cargo is transshipped when the transaction is fully settled.