Report: Nigeria's LNG exports reach 20.06 trillion naira
Written by: Ayman Ragab
Nigeria's liquefied natural gas exports rose by one million metric tons in 2025 to reach 14.78 million tons, valued at 20.0 trillion naira, compared to 13.78 million tons in 2024, valued at 18.89 trillion naira.
According to the Global LNG Report 2026, this strengthens Nigeria's position among the world's leading LNG suppliers, with global trade volume reaching a record high of 436.98 million tons.
Based on the current global LNG price of approximately $990 per metric ton, Nigeria's LNG exports of 14.78 million metric tons in 2025 would have an estimated market value of $14.63 billion, equivalent to approximately NGN 20.06 trillion at the prevailing official exchange rate of NGN 1371 to the US dollar.
Similarly, the estimated market value of Nigeria's LNG exports reached 13.78 million metric tons in 2024, equivalent to approximately 18.89 trillion naira.
Nigeria accounted for 3.4 percent of global liquefied natural gas exports.
A report published by Nigeria's Vanguard newspaper on Friday stated that the global report showed Nigeria accounted for 3.4 percent of global liquefied natural gas exports in 2025, ranking it seventh among the largest exporters in the world after the United States, Qatar, Australia, Russia, Malaysia, and Indonesia.
The report indicated that Nigeria's improved performance also contributed to a 1.8 million ton increase in Africa's total LNG exports to 39.77 million tons during the year, despite decreased shipments from Algeria and Egypt.
Globally, LNG trade expanded by 25.74 million tons, or 6.3 percent, to reach a record 436.98 million tons in 2025, driven primarily by increased exports from the United States, Qatar, Malaysia, Angola, and Nigeria.
The report stated that “the increase of 25.74 million tons in LNG trade in 2025 was driven by increased production from the United States (+22.3 million tons), Qatar (+4.3 million tons), Malaysia (+1.1 million tons), Angola (+1.1 million tons), and Nigeria (+1.0 million tons).”.
According to the report, Nigeria exported 14.78 million tons of liquefied natural gas (LNG) in 2025, an increase from approximately 13.78 million tons recorded in 2024, strengthening its position as one of the largest LNG exporters in Africa.
The report added that only the United States, with 110.74 million tons, Qatar with 81.51 million tons, Australia with 80.32 million tons, Russia with 30.51 million tons, Malaysia with 28.80 million tons, and Indonesia with 16.55 million tons, exported more liquefied natural gas than Nigeria during that period.
In Africa, Nigeria has remained a key growth engine alongside Angola, whose exports increased by 1.1 million tons, while new production from the giant Tortue Ahmeyim project enabled Mauritania and Senegal to record their first LNG exports of 1.22 million tons.
Overall, African LNG exports rose to 39.77 million tons in 2025 from 37.97 million tons in the previous year.
The improvement in Nigerian exports comes as the country seeks to expand its gas production and monetize it within the framework of the “gas-backbone” initiative, with increased foreign exchange earnings from natural gas.
High exports indicate improved utilization of existing LNG infrastructure, despite ongoing challenges with domestic gas supply, pipeline security, and investment in the upstream sector.
