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    Reuters: Nigeria's Seven Energy Secures $495 Mln to Boost Gas Supply

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Summary

Nigeria's Seven Energy has secured a $495 million loan to help fund its spending to supply gas to the domestic market, an adviser on the deal said on Wednesday

by: Erica Mills

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Press Notes, Africa

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Reuters: Nigeria's Seven Energy Secures $495 Mln to Boost Gas Supply

Oil and gas firm Seven Energy has secured a $495 million loan from a consortium of Nigerian and international lenders to help fund its spending to supply gas to the domestic market, an adviser on the deal said on Wednesday.

Seven Energy, an indigenous Nigerian company, plans to buy gas fields along with the related infrastructure and pipelines so it can sell gas into the domestic market for use in power generation and industrial consumption.

Read the full article HERE.

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