Levene Energy Acquires Equity Stake in Axxela Limited

Landmark transaction marks strategic entry into Nigeria’s regulated midstream & downstream gas sectors through BlueCore Gas InfraCo Limited consortium

Levene Energy, as part of the BlueCore Gas InfraCo Limited consortium, has acquired an equity stake in Axxela Limited, one of West Africa’s leading gas and power infrastructure companies.

This landmark acquisition marks Levene Energy’s strategic entry into Nigeria’s regulated midstream and downstream gas sectors, diversifying its core oil and refined products trading business into stable, long-term, infrastructure-backed earnings.

Securing a stake in Axxela underscores Levene Energy’s firm belief in resilient, locally-owned assets as powerful catalysts for sustainable economic development across Africa, while accelerating its transition into a fully integrated, clean-energy company delivering gas-based power that bridges today’s energy needs with tomorrow’s renewable future.

Beyond its commercial significance, the investment actively supports regional energy transition goals> by expanding access to natural gas. Axxela is strategically positioned to lead Nigeria’s energy transition through its investments in gas infrastructure, power generation, and cleaner energy solutions.

With a robust project pipeline and strong regional partnerships, Axxela is well equipped to deliver sustainable growth and deepen its impact across West Africa’s energy landscape. Levene Energy is proud to be an integral part of this exciting business expansion drive.