Bonny Light Energy Floods Market With 60m Litres Of Aviation Fuel

Nigeria's emerging indigenous oil and gas major, Bonny Light Energy and Offshore Limited, has committed to the supply of 60,000,00 litres of Aviation Turbine Kerosene (ATK) in the next six months.

This, he said, was part of its efforts to ameliorate the fuel supply disruptions to the aviation industry.

This projected supply, it stressed, aligns with the pressing need for an increased supply of the much-needed fuel to sustain flight operations for millions of travelers in the country.

Speaking on this commitment, chief executive officer, Bonny Light Energy and Offshore Limited, Mr. Toyin Banjo, stated that, the company's response aligns with the company's desire to salvage the Nigerian aviation sector from the daunting effects of the fuel shortage that is ravaging the global airline industry.

“The aviation industry is one of the most energy-intense sectors in the global economy regarding its consumption metrics. Unfortunately, as the industry began recovering from the COVID-19 pandemic-inspired slump in the global aviation sector, external pressures such as the Russia-Ukraine war have driven a sudden hike in fuel prices worldwide, which has resulted in a shortage of aviation fuels, thereby leading to this national aviation crisis.

“This is where our contributions come in. We are aware that Nigeria must build on its reputation of having a stable aviation industry, especially as it is the economic hub of Africa. However, as we have seen in recent times, global constraints can plunge our local aviation sector into a supply crisis despite Nigeria's oil-rich status.

“As a responsible organisation with an understanding of the intricacies of international energy supply dynamics underpinned by our local knowledge of the Nigerian aviation space, we are committing a total of 60,000,000 litres of aviation turbine kerosene (ATK) monthly over the next six months.

“All things being equal, we are envisaging a supply of 60,000,000 litres of ATK, by the end of the year. We strongly believe that this corporate action will positively affect the supply crisis in Nigeria's aviation industry and provide much-needed relief in the already strained sector.”