WANG Nan, WU Yu-gen. The analysis for the prospect of investment cooperation and developing status in Nigeria natural gas industryJ. CHINA MINING MAGAZINE, 2009, 18(11): 8-11.
    Citation: WANG Nan, WU Yu-gen. The analysis for the prospect of investment cooperation and developing status in Nigeria natural gas industryJ. CHINA MINING MAGAZINE, 2009, 18(11): 8-11.

    The analysis for the prospect of investment cooperation and developing status in Nigeria natural gas industry

    • The oil total resources of Nigeria is up to 12.897 billion tons, about 2.69 percent in the world, the 11th in the world (USGS). It has attracted the attention of Western multinational companies for a long time, and it also has been an important goal of China's energy companies for "going out". However, its oil reserves could only be sustained 30~40 years, in addition to the government's strict restrictions; and its oil-rich blocks significantly reduced, the current oil production was conditioned by OPEC, so the government had no choice but to make the natural gas as focus of economic development in future exploration and development. The gas total resources of Nigeria is 7.55 trillion cubic meters, about 1.55 percent of in the world, the 14th in the world. Nigeria is of rich natural gas resources, in addition to government efforts, the prospects of natural gas will be more expansive in the future. Through the analysis of the status of the natural gas industry development and comprehensive analysis of the investment environment, we would get the ideas of cooperation with Nigeria in natural gas field. At present, the competence in Nigeria natural gas field is not intense. The natural gas is low, a huge profit margins, and the natural gas field will be a greater potential point of development within a few years, the prospects of investment cooperation is relatively optimistic.
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