Key Takeaways:
As of December 2024, kerosene prices across Nigeria exhibit notable differences by region. The North Central region has the highest average price at ₦2,278.8 per litre, with the North West following closely at ₦2,203.2 per litre.
The South-South region ranks third with an average cost of ₦2,098.0 per litre, while prices in the South West are slightly lower at ₦2,023.4 per litre. The North East and South East regions offer the most economical prices at ₦1,834.8 and ₦1,795.1 per litre, respectively.
The United States dominates global natural gas production in 2024, contributing 1.03 trillion cubic metres (Tcm), nearly one-quarter of the world’s total.
Russia (0.63Tcm) and Iran (0.26Tcm) follow as the second and third largest producers.
China (0.25Tcm) and Canada (0.19Tcm) also feature strongly, rounding out the top five producers.
Collectively, these top five countries account for more than 50% of global production.
Emerging producers like Nigeria, Egypt, and Azerbaijan contribute significantly to the supply but remain far behind the leading nations.