30 July 2017, Sweetcrude, Lagos —Nigeria, Equatorial Guinea and Angola export a combined amount of 20 million metric tonnes each year (mtpa) of Liquefied Natural Gas (LNG), mainly to Europe and Asia, according to data obtained by Sweetcrude Reports.
*For Nigeria, a total of 388,000 metric tons of gas was exported through Onne Port in June.
Yearly, Nigeria exports 22 million metric tonnes, making it the world’s largest LNG exporter, according to data from Shell Nigeria.
Nigeria’s LNG (NLNG) accounted for approximately 7 percent of the world’s total NLNG production capacity in 2016 alone.
NLNG‘s cargos are shipped to Atlantic Basin countries such as Spain, France, Italy, Turkey, Mexico and the USA, as well as markets in Asia.
NLNG is owned by Shell (25.6%), NNPC (49%) Total (15%) and ENI subsidiary(10.4%)
Angola has11 trillion cubic feet (Tcf) of natural gas.
At $10bn the Angola LNG project, built to create value from offshore gas resources, is one of the largest ever single investments in the Angolan oil and gas industry.
The project is the result of a partnership between Sonangol, Chevron, BP, ENI and Total that gathers, process gas and delivers 5.2 million tons of LNG a year to the global market.
Equatorial Guinea’s LNG production comes behind that of Angola, with 3.7 million metric tonnes per year according to its state LNG Company, Equatorial Guinea LNG Holdings Limited. The Company is owned by Marathon Oil (60%), SONAGAS (25%), Mitsui (8.5%) and Marubeni (6.5%).
However, no available data on what it exports from the 3.7mmt per year.