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Nigeria energy report

This analysis includes a comprehensive Nigeria energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2019 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Nigeria energy report
Update: 
August 2020
Format: 

2 files (PDF report, Excel file)

Pages: 
44 (Report only)
Delivery: 

Immediate by e-mail

Price: 
 590 € 

Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.

After validation, you will immediately receive 2 files by email (one pdf report and one excel file containing the datasets).

 

Highlights

  • The country aims to supply 16% of its electricity consumption from renewables by 2030 and to raise access to electricity from 56% in 2019 to 90% in 2030. It also targets a 60% increase in crude oil production.
  • Oil and gas production is concentrated in the hands of 4 major international companies (ExxonMobil, Shell, Chevron, and Total).
  • Only half of the power capacity is really operational. The country is one of the largest hydrocarbon producers in Africa, but faces substantial supply difficulties due to infrastructure problems and social issues.
  • Fuel prices remain relatively low compared to prices in the region.
  • Cost-orientated electricity was introduced in 2012, but the government failed to increase prices as planned.
  • Households and services are the main drivers of energy consumption. Traditional biomass is by far the largest energy source.
  • By 2025, the government plans to add 25 GW of power and to massively upgrade transmission capacity to meet growing demand.
  • A FID for a seventh LNG train of 8 Mt/year was taken in December 2019.

9th

largest proven gas reserves in the world

1st

crude oil producer in Africa

~7%

of global LNG exports

Abstract

  • Institutions & Energy Policy

    The Federal Ministry of Petroleum Resources (FMPR) supervises the oil and gas sectors through its Department of Petroleum Resources (DPR). The FMPR also oversees the Nigerian Nuclear Regulatory Authority (NNRA).

  • Energy Supply

    Resources:

    Nigeria has considerable oil and especially natural gas resources (5 Gt and around 5 600 bcm proven reserves at end-2019). Oil reserves are slightly below the official objective of 5.5 Gt for 2020. The reserves are mainly located in the Delta of Niger.

  • Energy Prices

    Electricity:

    In 2019, electricity prices reached US$11.4/kWh for industry (-22%) and US$11.6/kWh for households (-20%). Electricity prices for industry and households are higher in Nigeria than in Ghana, Ivory Coast, and South Africa.

  • Energy Consumption

    Consumption per capita was 0.8 toe in 2019. Electricity consumption per capita is relatively low in comparison to neighbouring countries and reached 130 kWh/hab in 2019.

    Total consumption has increased by 3.7%/year since 2016, reaching 168 Mtoe in 2019.

  • Issues & Prospects

    The two main issues for the coming years are, on the one hand, the expansion of the electricity capacity and, on the other hand, to secure the energy supply in terms of safety of operations (action against theft and sabotage) and reliability for the supply of power plants (reduction of shortages).

Table of Contents

  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

Download the Table of Contents

List of Graphs

Below is a list of the Nigeria energy market report graphs:

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2019, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2019, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for industry and households (US$c/kWh)
  • GRAPH 7: Consumption trends by energy source (Mtoe)
  • GRAPH 8: Total consumption market share by energy (2019, %)
  • GRAPH 9: Final consumption market share by sector (2019, %)
  • GRAPH 10: Oil consumption (Mt)
  • GRAPH 11: Oil consumption breakdown by sector (2019, %)
  • GRAPH 12: Electricity consumption (TWh)
  • GRAPH 13: Electricity consumption breakdown by sector (2019, %)
  • GRAPH 14: Natural gas consumption (bcm)
  • GRAPH 15: Gas consumption breakdown by sector (2019, %)
  • GRAPH 16: Coal consumption (bcm)
  • GRAPH 17: Coal consumption breakdown by sector (2019, %)

List of Tables

In the Nigeria energy market report you will find the following tables:

  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

Data (Excel Sheet)

The Nigeria energy market data since 1990 and up to 2019 is included in the Excel file accompanying the Nigeria country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Nigeria Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Nigeria energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

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