Nigeria “The Giant of Africa” is right now one of the largest producers and exporters of natural gas in the global market. The natural gas industry established in the year 1959 has fostered the annual economic growth of the nation by a huge extent increasing the global supplies with an expected natural gas reserves of above 200 trillion cubic feet in its land area. The strategic location of the nation eases the transportation of goods towards different leading trade destination estates like Europe, North America, South America, and Asia.
The growing natural gas demands from the trade firms of Nigeria because of the country’s expanded global services and the increasing efforts towards the proper supply of essential needs have indulged Nigeria export products worth 50 billion US dollars in 2024. The favorable trade agreements signed with top trade destination estates like China and India ease the feasible transportation of the goods traded suitably countering the acquired necessities.
The globally increasing diversifications in the acquisitions from the trade firms of Nigeria have introduced a divergent variant of exports in its global supplies. According to the Nigeria Export Data, the top 10 variants of natural gas exported from Nigeria in 2024 are,
• Liquefied Natural Gas (LNG) – Export trade value of Liquefied Natural Gas from Nigeria in 2024 – 22 billion US dollars.
• Compressed Natural Gas (CNG) – Export trade value of Compressed Natural Gas from Nigeria in 2024 – 18 billion US dollars.
• Liquified Petroleum Gas (LPG) – Export trade value of Liquified Petroleum Gas from Nigeria in 2024 – 12 billion US dollars.
• Natural Gas Condensate – Export trade value of Natural Gas Condensate from Nigeria in 2024 – 10 billion US dollars.
• Ethane – Export trade value of Natural Gas Condensate from Nigeria in 2024 – 8 billion US dollars.
• Propane – Export trade value of Natural Gas Condensate from Nigeria in 2024 – 6 billion US dollars.
• Butane – Export trade value of Natural Gas Condensate from Nigeria in 2024 – 5 billion US dollars.
• Helium – Export trade value of Helium from Nigeria in 2024 – 4 billion US dollars.
• Polyethylene – Export trade value of Polyethylene from Nigeria in 2024 – 3 billion US dollars.
• Methanol – Export trade value of Methanol from Nigeria in 2024 – 1 billion US dollars.
The growing diversification of the trade firms of Nigeria and the competitive pricing strategies adaptation has been facilitating the entire export market of the nation in 2024. According to the Nigeria Trade Data, the top 10 export trade partners of the nation for natural gas exports in 2024 are,
• India – According to the India Import Data, the valuation of the natural gas exported from Nigeria in 2024 – 19 billion US dollars.
TOP VARIANTS OF NATURAL GAS EXPORTED FROM NIGERIA
1. Liquefied Natural Gas
2. Compressed Natural Gas
3. Propane
4. Butane
5. Natural Gasoline
• Spain – According to the Spain Import Data, the valuation of the natural gas exported from Nigeria in 2024 – 17 billion US dollars.
TOP VARIANTS OF NATURAL GAS EXPORTED FROM NIGERIA
1. Liquefied Natural Gas
2. Compressed Natural Gas
3. Condensate
4. Propane
5. Butane
• Turkey – According to the Turkey Import Data, the valuation of the natural gas exported from Nigeria in 2024 – 9 billion US dollars.
TOP VARIANTS OF NATURAL GAS EXPORTED FROM NIGERIA
1. Liquefied Natural Gas
2. Compressed Natural Gas
3. Propane
4. Methane
5. Ethane
• France – According to the France Import Data, valuation of the natural gas exported from Nigeria in 2024 – 7 billion US dollars.
TOP VARIANTS OF NATURAL GAS EXPORTED FROM NIGERIA
1. Liquefied Natural Gas
2. Natural Gas Liquids
3. Compressed Natural Gas
4. Pipeline Exports
5. Methane
• China – According to the China Import Data, the valuation of the natural gas exported from Nigeria in 2024 – 6 billion US dollars.
TOP VARIANTS OF NATURAL GAS EXPORTED FROM NIGERIA
1. Liquefied Natural Gas
2. Natural Gas Liquids
3. Compressed Natural Gas
4. Methanol
5. Helium
• Brazil – According to the Brazil Import Data, the valuation of the natural gas exported from Nigeria in 2024 – 4 billion US dollars.
TOP VARIANTS OF NATURAL GAS EXPORTED FROM NIGERIA
1. Liquefied Natural Gas
2. Compressed Natural Gas
3. Propane
4. Ethane
5. Butane
• Netherlands – According to the Netherlands Import Data, the valuation of the natural gas exported from Nigeria in 2024 – 2.5 billion US dollars.
TOP VARIANTS OF NATURAL GAS EXPORTED FROM NIGERIA
1. Liquefied Natural Gas
2. Compressed Natural Gas
3. Natural Gas Liquids
4. Domestic LNG
5. Natural Gas Condensate
• United Kingdom – According to the United Kingdom Import Data, the valuation of the natural gas exported from Nigeria in 2024 – 1.4 billion US dollars.
TOP VARIANTS OF NATURAL GAS EXPORTED FROM NIGERIA
1. Liquefied Natural Gas
2. Compressed Natural Gas
3. Liquefied Petroleum Gas
4. Pipeline Natural Gas
5. Natural Gas Condensate
• Italy – According to the Italy Import Data, valuation of the natural gas exported from Nigeria in 2024 – 1.2 billion US dollars.
TOP VARIANTS OF NATURAL GAS EXPORTED FROM NIGERIA
1. Liquefied Natural Gas
2. Compressed Natural Gas
3. Domestic Natural Gas
4. Propane/Butane
5. Biomethane
• Germany – According to the Germany Import Data, the valuation of the natural gas exported from Nigeria in 2024 – 1 billion US dollars.
TOP VARIANTS OF NATURAL GAS EXPORTED FROM NIGERIA
1. Liquefied Natural Gas
2. Compressed Natural Gas
3. Condensate
4. Natural Gasoline
5. Domestic Natural Gas
Que. What is the top exported natural gas of Nigeria in 2024?
Ans. Liquefied Natural Gas is the top exported natural gas of Nigeria in 2024.
Que. Name the top export trade partner of Nigeria in 2024 for natural gas exports.
Ans. India is the top export trade partner of Nigeria in 2024 for natural gas exports.
Que. Where can you get a detailed trade analysis of Nigeria’s natural gas exports in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Nigeria’s natural gas exports in 2024.