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Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart - Politics - Nairaland

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Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by Biodun556(m): 12:39pm On Jan 17
Nigeria topped African exporters in Liquefied Natural Gas, (LNG), in 2021 with 17.9 million metric tons MMt, says a report published by leading information provider IHS Markit.

Algeria, followed closely with 12.3 MMt and Egypt with 6.9 MMt.

In 2021, the U.S. added 25 million metric tons of LNG capacity owing to an expansion in liquefaction capacity, coupled with average utilization of plants increasing to 98 per cent in the third quarter of last year.

Meanwhile, the report tipped U.S. and China to represent the top export and import markets, respectively, for Liquefied Natural Gas (LNG) in 2022.


For the U.S., the position represents a shift upward from being the third-largest LNG exporter in 2021 at 73.6 million metric tons (MMt), following Australia (83 MMt) and Qatar (81.3 MMt).

LNG development in the U.S. accelerated pre-pandemic due to the U.S. shale revolution and growing liquidity in LNG markets, including the commissioning of Venture Global’s 10 million tons per annum (MTPA) Calcasieu Pass LNG project, Tellurian’s 27.6 MTPA Driftwood LNG project and Cheniere’s Sabine Pass Train 6 facility.

Investments in gas and LNG capacity over the past 24 months were made under the assumption that oversupply in the LNG market would dissipate after 2021, and that demand growth would exceed incremental supply thereafter. While short- and medium-term demand for LNG exports faced uncertainty in the early part of the pandemic, industry experts remained confident that demand would recover to pre-pandemic levels in 2021 and beyond in mature markets, and even expand in emerging markets due to a low-price environment that would boost consumption.

https://leadership.ng/nigeria-exports-17-9mmt-of-lng-in-2021-tops-africas-chart/

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Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by WiszyFraud: 1:05pm On Jan 17
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Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by HereAtIt(m): 1:05pm On Jan 17
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1 Like

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by robosky02(m): 1:06pm On Jan 17
Ok

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by TheABOMINATION: 1:06pm On Jan 17
Nice
Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by money121(m): 1:07pm On Jan 17
Ok
Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by oz4real83(m): 1:07pm On Jan 17
How much LNG did Nigeria import in the same year? . Most of the LNG in our domestic market was imported, it makes absolutely no sense to export and then reimport expensively for the domestic market. Our naira will continue a free fall if this govt continue in this meaningless trend. That is why the gas available in the domestic market has been so expensive.

8 Likes 1 Share

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by enirock(m): 1:08pm On Jan 17
As na the only thing we get to export be that. We keep hearing diversification, but no Nigerian government wants to diversify because they believe they will continually earn from crude oil and its derivatives.

4 Likes

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by backtalkG(m): 1:09pm On Jan 17
Gas surplus everywhere but still very expensive for the common man

3 Likes

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by aribisala0(m): 1:11pm On Jan 17
I wonder what our economy would look like if we were using that much gas inside Nigeria

3 Likes

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by Youngzedd(m): 1:15pm On Jan 17
The local demands are not met, but they are exporting.


Nigeria �� is an evil forest.

4 Likes

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by michlins(m): 1:19pm On Jan 17
We're yet to have energy security meanwhile we're exporting same gas to power our turbines and homes. What's wrong with the leadership of this country
Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by manuelfolarin(m): 1:20pm On Jan 17
oz4real83:
How much LNG did Nigeria import in the same year? . Most of the LNG in our domestic market was imported, it makes absolutely no sense to export and then reimport expensively for the domestic market. Our naira will continue a free fall if this govt continue in this meaningless trend. That is why the gas available in the domestic market has been so expensive.
Why e be say every good news about naija dey always vex una?

3 Likes

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by gulfer: 1:21pm On Jan 17
And this is why we had to suffer........God is watching us all angry angry angry angry angry
Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by aribisala0(m): 1:23pm On Jan 17
oz4real83:
How much LNG did Nigeria import in the same year? . Most of the LNG in our domestic market was imported, it makes absolutely no sense to export and then reimport expensively for the domestic market. Our naira will continue a free fall if this govt continue in this meaningless trend. That is why the gas available in the domestic market has been so expensive.
There is no LNG in our domestic market

Not a drop

Stop talking nonsense

Do you even know what LNG is?

4 Likes 1 Share

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by oz4real83(m): 1:24pm On Jan 17
manuelfolarin:

Why e be say every good news about naija dey always vex una?
you call this good news? Do u know how much is exchange rate today? Do u know that the naira is on a free fall? Do you know that your trade balance contributes to the value of your currency? Is it a crime if we source gas locally for domestic use? Why should we continue importing what we are exporting?

1 Like

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by Brendaniel: 1:24pm On Jan 17
This people and their witchcraft economics, after all these and the government takes loan to run itself and pay salaries, then the dollar and price of food is going up, this is witchcraft economics now...

1 Like

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by aribisala0(m): 1:25pm On Jan 17
manuelfolarin:

Why e be say every good news about naija dey always vex una?
how is this good news?

What is good about it please explain
Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by aribisala0(m): 1:27pm On Jan 17
When you export gas you export jobs

What do those people buying the gas do with it?
Why can't we do that same thing in Nigeria and create wealth for our people?
When energy is properly deployed in agriculture one man with a Tractor can do the work of a hundred men

We still do not have electricity and we are happy to be exporting gas

Do not take my word for it search

in Google

Top consumers of energy

and compare with their GDP


Their is a direct correlation between use of energy and your economy

2 Likes

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by oz4real83(m): 1:29pm On Jan 17
aribisala0:
There is no LNG in our domestic market

Not a drop

Stop talking nonsense

Do you even know what LNG is?
you are a real dullard for calling my opinion 'nonsense" instead of expressing yours without resorting to insults.

1 Like

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by aribisala0(m): 1:32pm On Jan 17
oz4real83:
you are a real dullard.
Well I am sure you can deal with facts if you are not so insecure to go around abusing people

I say this with 100% confidence

NOT a molecule of LNG enters the Nigeran market

Why abuse people because they challenge your views even if your are right BUT in this case YOU ARE WRONG

Nigeria IS NOT CAPABLE OF USING LNG in our domestic market

1 Like

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by aribisala0(m): 1:37pm On Jan 17
oz4real83:
you are a real dullard.
What I find really amusing is when
1. A person does not know
2. The person does not know that he does not know
3. The person thinks he knows and
4. Believes he knows more than everyone


I challenge you to back your claim

Mine is Nigeria DOES NOT HAVE THE INFRASTRUCTURE to use LNG

and it is clear you do not know what LNG is

1 Like

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by oz4real83(m): 1:39pm On Jan 17
aribisala0:
Well I am sure you can deal with facts if you are not so insecure to go around abusing people

I say this with 100% confidence

NOT a molecule of LNG enters the Nigeran market

Why abuse people because they challenge your views even if your are right BUT in this case YOU ARE WRONG

Nigeria IS NOT CAPABLE OF USING LNG in our domestic market

this is supposed to be an educative forum. Why will you say I'm talking nonsense instead of expressing your opinion without insults?

1 Like

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by aribisala0(m): 1:42pm On Jan 17
oz4real83:
you are a real dullard for calling my opinion 'nonsense" instead of expressing yours without resorting to insults.

I see you changed your post
Calling your opinion "nonsense" is not an insult
It is wrong . and is nonsense
Open a dictionary.
Nonsense is defined as
spoken or written words that have no meaning or make no sense.

I am not here to teach you English

The simple fact is Nigeria does not and cannot use LNG at this time because we do not have the required technology/ infrastructure

1 Like

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by aribisala0(m): 1:44pm On Jan 17
oz4real83:
this is supposed to be an educative forum. Why will youe say I'm talking nonsense instead of expressing your opinion without insults?
That is because your English is bad .If you talk nonsense you are talking nonsense
It is not an insult

Just like Don't be silly is not an insult though iit may offend fragile egos
It is no insult

So let me rephrase then

Do not be silly

We do not use LNG in Nigeria

1 Like

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by tammyf: 1:44pm On Jan 17
You guys should get this straight .I'm in bonny island and work there.... LNG is the liquid state of our cooking gas which ofcourse we don't make use of . When they get to abroad they now convert it to gaseous state and sell to countries round the world including us ....we re buy it in gaseous state ....

Why can't they convert it to the gaseous state here? The ans is simple ...they carry iver 500% more quantity in a liquid state than in a gaseous state .savvy?

3 Likes 2 Shares

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by aribisala0(m): 1:48pm On Jan 17
oz4real83:
you call this good news? Do u know how much is exchange rate today? Do u know that the naira is on a free fall? Do you know that your trade balance contributes to the value of your currency? Is it a crime if we source gas locally for domestic use? Why should we continue importing what we are exporting?
What are we importing? What are you referring to?
Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by anonimi: 1:51pm On Jan 17
backtalkG:
Gas surplus everywhere but still very expensive for the common man

The common man that is happy to sell his votes and birthright to good governance for stomach infrastructure and a few naira notes?
The common man can't eat his cake and still have it, or can he

1 Like 1 Share

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by Justiceleague1(f): 1:52pm On Jan 17
And still,the Niger Deltans in particular and Nigerians in general got absolutely nothing to show for it.
God punish all parasites

1 Like

Re: Nigeria Exports 17.9 Million MT Of LNG In 2021, Tops Africa’s Chart by anonimi: 1:53pm On Jan 17
aribisala0:
Well I am sure you can deal with facts if you are not so insecure to go around abusing people

I say this with 100% confidence

NOT a molecule of LNG enters the Nigeran market

Why abuse people because they challenge your views even if your are right BUT in this case YOU ARE WRONG

Nigeria IS NOT CAPABLE OF USING LNG in our domestic market

You have spoken about our current capacity.
Why is that our current capacity and will it be our future capacity also for how long

1 Like

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