LNG-focused energy firm pursuing ‘diversified’ African investment pipeline

Black-empowered energy company African Energy Partners (AEP), which plans to list as a special purpose acquisition company on the JSE’s AltX board on June 1, to raise up to R500-million to pursue liquefied natural gas (LNG) prospects in Africa, reports that its investment pipeline includes a “diverse” range of prospects in South Africa and the rest of the continent. CEO Edwin Kikonyogo tells Engineering News Online that AEP will participate across this entire infrastructure value chain, with the opportunities falling into three categories: operating natural gas plants in South Africa and elsewhere in Africa; brownfield plants available for conversion from heavy-fuel oil or diesel to LNG or natural gas; and greenfield LNG-to-power developments.