Natural Gas Liquids (NGL) production in Nigeria has shown fluctuations over the past years. In 2023, production stood at 84.56 thousand barrels per day, representing a significant decrease of 15.61% from the previous year. Over the past five years, the annual growth rate has averaged 0.67%, indicating moderate growth momentum. From 2024 onwards, NGL production is forecasted to grow gradually, reaching 85.71 thousand barrels per day by 2028, with an average annual growth rate of 0.2%.

Future trends to watch for include:

Global energy demand shifts influencing natural gas prices.
Technological advancements enhancing production efficiency.
Regulatory changes and environmental policies affecting NGL extraction and consumption.