Recent transactions signal Levene Energy’s entrance into Nigeria’s midstream and downstream gas sectors. The company acquired an equity stake in natural gas company Axxela Limited in January 2026, marking a critical step in its transition from oil and refined products into a fully integrated and infrastructure-backed energy company. The transaction was completed through the BlueCore Gas Consortium - comprising Levene, Afrigaz Energie, Energy & LLP and emPERSAND - and was backed by a $64 million facility by the African Export-Import Bank.  

The transaction positions Levene Energy at the center of one of West Africa’s leading private gas infrastructure and power solutions providers. Axxela develops, owns and operates a series of natural gas processing, transmission and distribution facilities, with over 300 km of gas pipelines and more than 200 industrial clients. Levene Energy’s transaction signals its growing focus on gas infrastructure, domestic energy supply and integrated energy solutions, positioning the company within a segment of the market that is becoming increasingly central to Africa’s industrialization and energy security strategies.

The company also acquired an equity stake in Falcon Corporation, another Nigerian natural gas distribution company. Falcon operates under a long-term concession agreement with the Nigerian National Petroleum Company’s Gas Marketing division, and owns exclusive gas distribution rights within the Ikorodu Gas Distribution Zone through 2045. The acquisition by Levene Energy marks a significant step in scaling its Nigerian operations, giving the company direct exposure to gas distribution networks and long-term domestic gas demand.

These moves complement an expanded product and service offering by Levene Energy, covering well construction and intervention services, engineering and production operations, logistics management and technical procurement. Through its subsidiary Shefa Engineering Limited, the company provides oilfield and engineering services to the upstream sector, positioning itself as a viable local partner for international firms. By combining trading capabilities with infrastructure development and now gas sector participation, Levene Energies is building a vertically integrated model that spans supply, logistics and energy development.

Arowolo’s participation at IAE 2026 comes at a time when investment into African-led energy infrastructure, gas monetization and downstream expansion is accelerating, with the Paris forum serving as a platform for investors, project developers and policymakers to engage on the next phase of African energy development. Her insights are expected to contribute to discussions around infrastructure investment, gas development and the growing role of African companies in building and financing the continent’s energy future.

IAE 2026 is an exclusive forum designed to connect African energy markets with global investors, serving as a key platform for deal-making in the lead-up to African Energy Week. Scheduled for April 22–23, 2026, in Paris, the event will provide delegates with two days of in-depth engagement with industry experts, project developers, investors and policymakers. For more information, visit www.invest-africa-energy.com. To sponsor or register as a delegate, please contact sales@energycapitalpower.com.