Nigeria earned N398bn from LNG, cooking gas exports in Q3 2017

0
64

Data obtained from the National Bureau of Statistics (NBS), has revealed that Nigeria earned N398 billion from the export of Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG), also known as cooking gas, in the third quarter of 2017, Vanguard reports.

The NBS in its Third Quarter 2017 Foreign Trade Statistics, stated that the country exported LNG valued at N386.028 billion, while cooking gas exports stood at N11.835 billion. Generally, the report stated that total earnings from gas exports in the period under review stood at N483.4 billion, comprising other gaseous components in addition to LNG and LPG.

Specifically, the report disclosed that other petroleum gases exports stood at N30.8 billion; liquefied propane exports also fetched the country N19.113 billion; while the country exported N14.71 billion worth of naphthalene. In addition, Nigeria exported liquefied butane worth N13.71 billion; other LPGs and other gaseous hydrocarbons were valued at N7.199 billion.