OpeOluwani Akintayo
Lagos — Nigeria’s earning from last year’s gas export is put at $868.5m, according to latest gas revenue data from the Nigerian National Petroleum Company, NNPC Limited.
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.
In January 2021, the country earned $50.19m from the export of NLNG feedstock, while in February it made $26.6m and $90.38m from NGL/LPG and NLNG feedstock exports respectively.
For the month of March, the NNPC stated that gas sale earnings from NGL/LPG and NLNG feedstock were $15.89m and $68.29m respectively, as the country raked in $34.32m from NLNG feedstock and domestic NGL/LPG respectively in April.
The sum of $36.01m was earned from NLNG feedstock in May 2021.
In June, Nigeria made $19.95m and $44.01m from the export of NGL/LPG and NLNG feedstock respectively.
No amount was recorded as earning from NGL/LPG export in the month of July last year.
The August 2021 export gas receipt for NLNG feedstock was $52.78m, while in September, the country made $32.234m and $84.8m from NGL/LPG and NLNG feedstock exports respectively.
The country’s gas earnings in October from NLNG feedstock and NGL/LPG were slipped into the next month, according to information from NNPC.
In November, earnings from the exports of NGL/LPG was $40.14m.
For December, the NNPC explained that proceeds from NGL/LPG export had yet to be reflected in the Central Bank of Nigeria/Chevron Joint Venture account at the time, as CNL was the JV partner involved in the transaction.
The federal government has been making frantic efforts at increasing both export and domestic gas sale, exploration and utilisation, as it makes gas its transitional fuel.
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