Seven Energy

Our Market

Nigeria, a country of vast potential

Challenges

  • Nigeria remains the second largest importer of refined products globally
  • Nigeria has amongst the lowest energy consumption per capita in Africa due to lack of power generating capacity
  • Lack of investment in infrastructure, export options and poor domestic pricing in the past has hindered development of Nigeria's natural gas resources
  • Limited distribution infrastructure exists and will require substantial investment to link up areas of gas supply to demand

 

The Opportunity

  • The Nigerian government has realised these limitations and is seeking to address some of the basic issues through privatisation of the power sector and liberalisation of gas pricing
  • Expanding power generation and industrial growth is creating a widening supply vs. demand imbalance
  • The opportunity is there to be exploited by a reliable long term supplier of natural gas for the benefit of all end users. This is Seven Energy's unique focus
 
 
 

Key Facts

  • Nigeria is 923,768 km2 in size
  • GDP real growth rate = 6.8% (2010 est.)
  • 8th largest proven Natural Gas reserves globally (185 tcf, 1 January 2010 est.)
  • Population 155 million with burgeoning middle class (July 2011 est.)
  • Forecast strong demand growth in key sectors
Our Market