Nigeria has made $868.5 million equivalent to N361.43 billion from gas export in 2021.
Gatekeepers News reports that the Nigerian National Petroleum Company(NNPC) Limited on Sunday, said domestic gas sale revenue within the period was put at N13.36 billion.
According to the company, in January 2021, Nigeria earned $50.19million from the export of Nigeria Liquified Natural Gas(NLNG) feedstock and made N1.05 billion on domestic Natural Gas Liquids/Liquefied Petroleum Gas(NGL/LPG).
In February, it made $26.6 million and $90.38 million from NGL/LPG and NLNG feedstock exports respectively.
In March, gas sale earnings from NGL/LPG and NLNG feedstock were $15.89 million and $68.29 million respectively.
The country raked in $34.32 million and N1.25billion from NLNG feedstock and domestic NGL/LPG sales respectively in April 2021.
In the data obtained from NNPC, $36.01million was earned from NLNG feedstock in May 2021, while NGL/LPG domestic was put at N1.25 billion.
In June, the country made $19.95million and $44.01million from the export of NGL/LPG and NLNG feedstock respectively, while its earnings from NGL/LPG domestic was N1.63 billion.
Data from NNPC further revealed that no amount was recorded as earning from NGL/LPG export and NGL/LPG domestic in July 2021, but Nigeria made $54.396 million from NLNG feedstock in the same month.
The August 2021 export gas receipt for NLNG feedstock was $52.78 million, as NGL/LPG domestic was N1.74 billion.
In September, the country made $32.234 million and $84.8million from NGL/LPG and NLNG feedstock exports respectively. Nigeria’s revenue from NGL/LPG domestic in September was put at N4.1 billion.
NNPC noted that the country’s gas earnings in October from NLNG feedstock and NGL/LPG were slipped into the next month.
In November, revenue generated from the exports of NGL/LPG and NLNG feedstock were $40.14 million and $149.95 million respectively, while NGL/LPG domestic was N4.1 billion.
The NNPC noted that the achievements was recorded through the support of its Joint venture Partners(JV,) in the gas business which includes Chevron Nigeria Limited, Mobil Producing Nigeria, Shell Petroleum Development Company, and Total Exploration and Production Nigeria.
The federal government through NNPC, generated the funds from the sale of Natural Gas Liquids/Liquefied Petroleum Gas, as well as Nigeria Liquefied Natural Gas feedstock.
