Gasgroup, a Nigerian energy-services business not currently listed on the Nigerian Exchange (NGX), plans to seek admission of its existing shares to the Main Board of the bourse as it pursues expansion into refining, gas infrastructure, power generation and data centre energy systems.

CEO Gliffeth Wonuigwe outlined the plan in comments to journalists at the weekend. He said the company’s planned integrated expansion was valued at more than $6bn, although no detailed breakdown supporting that figure was provided in the reports reviewed.

Wonuigwe said Gasgroup intends to pursue a listing by introduction, under which existing shares would be admitted to trading without an immediate public offer or issue of new shares. 

The expansion plans include a proposed 50,000-barrel-per-day (bpd) refinery at Egbema, a 400MW power project and a 50MW data-centre development, according to Wonuigwe.

Gasgroup has historically operated in oil and gas services. Management now wants to expand into refining, liquefied natural gas, gas processing, transportation, storage and power generation, while developing energy infrastructure for artificial intelligence and other data-centre customers.

Wonuigwe said potential data-centre projects could combine gas-fired and embedded generation with LNG infrastructure, batteries, backup systems and renewable-energy components. Gasgroup is also considering developments combining energy infrastructure with fibre connectivity, cooling and high-performance computing facilities.

The International Energy Agency said in April that AI is sharply increasing data centre power density, placing greater demands on electricity infrastructure and supporting systems. The agency has also highlighted growing interest in onsite gas-fired generation where data-centre developers face constraints in securing grid connections.

Nigeria's data centre industry is already adopting combinations of gas-fired generation, battery storage and renewable energy to improve power reliability and reduce reliance on diesel.

Gasgroup also plans to examine acquisitions and investments across gas processing and distribution, LNG and compressed natural gas infrastructure, gas logistics, power generation, engineering services, data-centre infrastructure and battery storage.

The company said potential transactions could involve controlling or minority stakes, joint ventures or asset purchases, subject to due diligence, valuation, financing and regulatory approvals.

Wonuigwe said the company expects a public listing to strengthen its governance and disclosure framework and broaden its financing options, including access to equity and debt funding, project finance and institutional capital.

He said the longer-term aim is to build an African energy-infrastructure business connecting domestic gas resources with industrial and digital demand.