LAGOS, Nigeria — October 14, 2026
Global energy giant Shell has signed an agreement to sell its entire stake in Shell Nigeria Gas Group to indigenous energy firm Vaaris Energy Limited, marking its planned exit from Nigeria’s domestic gas distribution business.
Shell’s Country ChairPerson in Nigeria, Elohor Aiboni, said the business had served industrial and commercial customers for more than 25 years.
“We believe this agreement provides a much stronger platform for the business’ next chapter under new ownership.” she added
The company Established in 1998, operates approximately 170 kilometres of pipeline infrastructure across Ogun, Abia and Rivers states, supplying natural gas to more than 130 connected commercial and industrial customers.
Shell said the agreement aligns with its strategy to concentrate investments on areas where it has competitive strengths. Aiboni reaffirmed that
“Shell continues to focus on strategic Deepwater and Integrated Gas positions in Nigeria.”
The transaction remains subject to regulatory approvals, while Shell Nigeria Gas will continue normal operations until completion.
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