Nigeria’s gas revenue drops by N3tn in 12 months – Report - News Summed Up

Nigeria’s gas revenue drops by N3tn in 12 months – Report


Nigeria exports 3.7 billion cubic feet daily to global destinations through the Nigeria Liquefied Natural Gas Limited and the West African Gas Pipeline. Funds regional rail projects, FG tells govsDaily gas production stands at 7.8 billion cubic feet, but 2.2 billion cubic feet of gas are re-injected daily. Meanwhile, daily gas consumption averages 1.5 billion cubic feet, serving domestic and commercial applications. However, because the Freeport LNG export terminal shut down, U.S. LNG exports declined in the second half of the year. So by 2030, we’ll get to 5.5 billion cubic feet of daily production (57 billion cubic meters a year),” Ekpo said.


Source: Punch September 07, 2023 07:23 UTC



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