Nigeria has generated $868.5 million from gas export and N13.36 billion from domestic gas sale in 2021.
The analysis of the latest gas revenue data and other monthly reports were obtained from the Nigerian National Petroleum Company Limited.
Data from the oil firm showed that the Federal Government through NNPC garnered the funds from the sale of Natural Gas Liquids/Liquefied Petroleum Gas, as well as Nigeria Liquefied Natural Gas feedstock.
It was learnt that the joint venture partners of NNPC in the gas business during the review period include Chevron Nigeria Limited, Mobil Producing Nigeria, Shell Petroleum Development Company and Total Exploration and Production Nigeria.
Findings showed that in January 2021, the country earned $50.19 million from the export of NLNG feedstock and made N1.05 billion on domestic NGL/LPG, while in February it made $26.6 million and $90.38 million from NGL/LPG and NLNG feedstock exports respectively.
The country earned N1.24 billion from domestic NGL/LPG in February last year.
For the month of March, the NNPC stated that gas sale earnings from NGL/LPG and NLNG feedstock were $15.89 million and $68.29 million respectively, as the country raked in $34.32 million and N1.25 billion from NLNG feedstock and domestic NGL/LPG respectively in April.
Data from NNPC showed that $36.01 million was earned from NLNG feedstock in May 2021, while NGL/LPG domestic was put at N1.25 billion.
In June, Nigeria made $19.95 million and $44.01 million from the export of NGL/LPG and NLNG feedstock respectively, while its earnings from NGL/LPG domestic was N1.63 billion.
No amount was recorded as earning from NGL/LPG export and NGL/LPG domestic in the month of July last year, but the country made $54.396 million from NLNG feedstock in the same month.
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