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By Adedapo Adesanya
Nigeria witnessed a decline in each its pure fuel and liquified pure fuel (LNG) manufacturing in 2022, the June 2023 Statistical Evaluation of World Vitality report has revealed.
The data confirmed that Nigeria’s present pure fuel manufacturing ranges at N40.4 billion cubic meters (bcm) aren’t considerably greater than these recorded in 2012.
The report highlights the fluctuations noticed in Nigeria’s pure fuel manufacturing between 2012 and 2022, with the best manufacturing occurring in 2020.
In 2012, Nigeria produced 39.2 billion cubic meters of pure fuel, which decreased to 33.1 billion cubic meters in 2013.
The manufacturing elevated to 40 billion cubic meters in 2014, adopted by an additional rise to 47.6 billion cubic meters in 2015.
In 2016, the manufacturing barely dipped to 42.6 billion cubic meters however skilled an upturn in 2017, reaching 47.2 billion cubic meters.
The upward pattern continued in 2018, with 48.3 billion cubic meters of pure fuel produced, and in 2019, Nigeria recorded manufacturing of 49.3 billion cubic meters.
The manufacturing remained comparatively secure at 49.4 billion cubic meters in 2020 however declined to 45.2 billion cubic meters in 2021.
Lastly, in 2022, Nigeria’s pure fuel manufacturing additional decreased to 40.4 billion cubic meters.
The nation’s liquefied pure fuel (LNG) exports additionally skilled a lower, totalling 19.6 billion cubic meters in 2022.
In 2012, Nigeria exported 27.9 billion cubic meters (bcm) of LNG, which decreased to 22.5 billion cubic meters in 2013.
There was a slight improve in 2014, with Nigeria exporting 26.1 billion cubic meters of LNG, and in 2015, the export quantity reached 26.9 billion cubic meters.
Nonetheless, the export quantity declined to 24.6 billion cubic meters in 2016 however rose once more to twenty-eight.3 billion cubic meters in 2017.
The export quantity remained comparatively secure at 27.8 billion cubic meters in 2018, and in 2019, Nigeria recorded an export quantity of 28.8 billion cubic meters.
The export quantity for 2020 was 28.4 billion cubic meters however skilled a noticeable lower in 2021, dropping to 23.4 billion cubic meters.
Nonetheless, in 2022, Nigeria confronted the bottom LNG export quantity previously 10 years, amounting to solely 19.6 billion cubic meters.
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