Nigeria earned N340.54 billion from the export of Liquefied Natural Gas, LNG and other gas products in the third quarter of 2020.

According to data obtained from the National Bureau of Statistics’ Third Quarter 2020 Foreign Trade Statistics, this amount represented a decline of 23.6 per cent compared to N445.71 billion earned from the export of the same commodities in the third quarter of 2019.

A breakdown of the data showed that the LNG export in the third quarter of 2020 stood at N277.62 billion, representing 9.28 per cent of Nigeria’s total export, while earnings from other petroleum gases stood at N55.89 billion, representing 1.87 per cent of Nigeria’s total export.

In addition, export of liquefied propane fetched the country N7.03 billion, accounting for 0.24 per cent of Nigeria’s total exports in the quarter under review.

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Source: SweetCrudeReports