Hawilti has released today its Nigeria LPG Watch for Q3 2021. The report brings you the latest on market trends currently affecting Nigeria’s liquefied petroleum gas value-chain, from supply disruptions to prices fluctuations.
After a record LPG supply into Nigeria in Q2 this year, Q3 witnessed more moderate deliveries as global supply chain disruptions affect imports and rapidly evolving prices make it challenging to operate business as usual.
Record high global gas prices coupled with Nigeria’s currency crisis have notably sent LPG cylinder prices up the roof, potentially affecting demand growth in the short term.
QoQ LPG supply into Nigeria was down -4.87% in Q3 with almost 266,000 tonnes discharged at Nigerian jetties. Domestic supply continues to grow and recorded its highest volumes on record, with over 144,000 tonnes of LPG sourced domestically in Q3. Both Q2 and Q3 saw higher domestic supplies than imports, confirming the growth of Nigeria’s local LPG supply.
The full report is available in the “Research” section within your Hawilti+ research terminal.