Shell Petroleum B.V. has signed an agreement to sell its full interest in the Shell Nigeria Gas Group to Vaaris Energy Limited, a Nigerian energy company. The transaction concerns Shell’s domestic gas distribution business in Nigeria.
Multiple outlets report that the sold unit supplies domestic gas to industrial and commercial customers and has operated in Nigeria for more than 25 years. One source says the business serves over 130 industrial customers. The reports also frame the move as part of Shell’s broader effort to refocus its investments toward what it considers strategic areas. Details such as the deal value, timing of completion, and regulatory approvals are not provided in the excerpts.
Overall, the outlets align on the same core facts: Shell reaches an agreement to exit its Nigeria gas distribution interest, and Vaaris Energy is identified as the buyer.
