Nigeria Exports N300b Liquefied Gas in Three Months

Nigeria exported Liquefied natural gas (LNG) of over 900,000 metric tons (Mt) valued at about N300 billion in the last three months of the year, it was gathered at the weekend.

The shipment was made out of the country between September and November to China and other Asian and European countries.

It was gathered that the gas was lifted from the Bonny Lighter Terminal at Onne Port, Rivers State while the Port of Sines in Portugal took delivery of 137,300 cubic meters (cbm) from LNG Sokoto in September.

The cargo, according to a senior official of the Nigerian Maritime Administration and Safety Agency (NIMASA), was lifted from Nigeria LNG’s Bonny Island liquefaction plant.

Data from the Nigerian Ports Authority (NPA) shipping position showed that 417,000 tons left the port this month in six vessels with LNG Lagos II and LNG Port Harcourt II leading with 77,000 tons and 77,000 tons.

Other ships are: LNG Adamawa laden with 65,000 tons; LNG Borno, 68,000 tons, LNG Sokoto,65,000 tons and LNG Rivers, 65,000 tons.

Also in September, five ships left the port with 369,000 tons of natural gas.

At the port, LNG Maran Gas Efessos left with 70,000 tons; LNG Marib Spirit, 70,000 tons; LNG Oak Spirit, 75,000 tons; LNG Bonny 11, 77,000 tons and LNG Abuja 11,77,000 tons.

The Secretary-General, International Gas Union (IGU), Luis Bertrán Rafecas, said the global demand and consumption for natural gas was rising just as new gas projects were coming up from regions that did not previously have gas potential.

Rafecas spoke at the 11th Nigerian Gas Association (NGA) international conference and exhibition in Abuja.

Also, NLNG General Manager, Production Tayo Ogini said Nigeria had been ranked as the fourth exporter of gas in the world.

He noted that the plans by the Federal Government to invest $7 billion on the Train-7 project would boost production capacity to 30 metric tons per annum (mtpa), thereby making the country the third largest exporter of gas in the world after Qatar and Australia.

Source: The Nation

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