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BREAKING: Shell Set to Exit Nigeria’s Gas Distribution Business
The sale covers about 170 kilometres of pipeline and more than 130 industrial customers, while regulatory approval is still pending.
- On Tuesday, Shell announced it signed an agreement to sell its full interest in Shell Nigeria Gas to Vaaris Energy Limited, marking the oil major's exit from piped domestic gas distribution in Nigeria.
- This divestment aligns with CEO Wael Sawan's ongoing strategy to simplify Shell's portfolio and concentrate on more profitable deepwater and integrated gas positions within Nigeria.
- The assets comprise about 170 kilometers of pipeline infrastructure spanning Ogun, Abia, and Rivers states, serving over 130 industrial and commercial customers across Nigeria's southern region.
- Shell Nigeria Gas will continue operating normally until regulators approve the transaction; the companies did not disclose the monetary value of the sale.
- Vaaris Energy, a privately held Nigerian firm with existing operational footprint, assumes control as Western majors increasingly shift Nigerian assets to local operators.
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23 Articles
23 Articles
Nigeria: Shell to Sell Nigeria's Domestic Gas Business to Vaaris Energy
Shell announced the deal in a statement on Tuesday, noting the transaction forms part of the strategy to simplify its portfolio and concentrate investments on areas of competitive strength.
·Washington, United States
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British energy giant Shell moves to exit Nigeria’s domestic gas distribution business after more than 25 years, selling network serving over 130 businesses
Shell has agreed to sell its Nigerian domestic gas-distribution business to Vaaris Energy, advancing a restructuring that is concentrating the international energy company’s investment on deepwater production and integrated gas.
·New York, United States
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Vanguard NewsReposted by 
Oriental News Nigeria
Oriental News NigeriaShell to sell Nigeria domestic gas business to Vaaris Energy
Shell Petroleum B.V. has signed an agreement to sell its full interest in Shell Nigeria Gas Group to Vaaris Energy Limited, a Nigerian energy company, as the oil major refocuses its investments on strategic businesses.
·Nigeria
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Coverage Details
Total News Sources23
Leaning Left4Leaning Right1Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 38%
12%
Factuality
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