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