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[BUSINESS] · Nigeria · 8 sources

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Part of situation: Nigeria advances oil, gas, and power infrastructure targets (36 clusters)

Nigeria gas sector sees major investment and acquisition activity

gas infrastructure private capital investment energy transition compressed natural gas MDGIF

Nigeria is seeing significant movement in its gas infrastructure sector through both public investment mobilization and private acquisitions. The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has successfully leveraged N671 billion in public capital to attract N1.6 trillion in private-sector investment. This funding is directed toward 31 gas infrastructure projects involving 205 assets nationwide. Once fully operational, these projects are projected to increase domestic gas supply by approximately 25 percent, delivering an additional 475 million standard cubic feet of gas daily.

In a separate development, a consortium led by Ardova Plc and Diadem Energy has reached an agreement to acquire Powergas Global Investments Nigeria Limited and Powergas Ebedei Limited. The transaction, which involves the exit of Danish investor A. P. Moller Capital, is expected to close by the end of 2026. Powergas is a major producer of compressed natural gas (CNG) known for its virtual pipeline model. Following the acquisition, Ardova plans to expand its CNG infrastructure by targeting 100 refueling sites across its retail network within 24 months, supporting Nigeria’s national initiative to transition toward a gas-powered economy.

Entities

A. P. Moller Capital · Ardova Plc · Midstream and Downstream Gas Infrastructure Fund · Nigeria · Powergas Global Investments Nigeria Limited

Claims

What the coverage asserts, and how many sources carry each claim.

  • [○ 1 SOURCE] The acquisition of Powergas is expected to close by the end of 2026. punchng.com
  • [○ 1 SOURCE] A consortium led by Ardova Plc and Diadem Energy has agreed to acquire Powergas Global Investments Nigeria Limited and Powergas Ebedei Limited. punchng.com
  • [○ 1 SOURCE] The investments cover 205 infrastructure assets and are expected to deliver 475 million standard cubic feet of gas daily. www.thisdaylive.com
  • [○ 1 SOURCE] The MDGIF leveraged N671 billion in public capital to attract N1.6 trillion in private investment for 31 gas projects in Nigeria. www.thisdaylive.com

Sources

NIPCO Group Invests $3bn in Nigeria Floating LNG Plant [businesselitesafrica.com]
A. P. Moller Capital exits Nigerian CNG firm Powergas in sale to Ardova-led consortium - Innovation Village | Technology, Product Reviews, Business [innovation-village.com]
Ardova Targets 100 CNG Stations in 24 Months With Powergas Acquisition [investorsking.com]
FG’s Emphasis On Domestic Gas Utilisation, Infrastructure Expansion’ll Advance Nigeria - Aziko [newtelegraphng.com]
NLNG moves to deepen Coleman partnership beyond 2027 [tribuneonlineng.com]
MDGIF Mobilises N1. 6tn Private Capital for 31 Gas Projects Nationwide [www.thisdaylive.com]
FG seeks private capital to bridge Nigeria’s gas infrastructure gap [businessday.ng]
Ardova-led consortium to acquire Powergas [punchng.com]