LE BRIEF

Nigeria: Shell signs agreement to sell its gas distribution business to Vaaris Energy

LE BRIEF • 2026-10-14

The agreement covers Shell’s interest in Shell Nigeria Gas Group. Financial terms remain undisclosed and the transaction still requires the applicable approvals.

LE BRIEF, Wednesday 14 October 2026: Africa and Gulf special edition Country : Nigeria Source publication : 13 October 2026 Event : Announcement on 13 October 2026 Technical personnel at a gas installation: photograph supplied for the Shell Nigeria Gas report. Energy group Shell has announced the signing of an agreement to sell its interest in Shell Nigeria Gas Group to Vaaris Energy. The transaction concerns natural gas distribution in Nigeria’s domestic market, particularly supplies to industrial and commercial customers. Portfolio restructuring and a domestic market to develop The deal forms part of Shell’s portfolio restructuring as it seeks to focus resources on strategic activities and simplify its operating structure. For Vaaris Energy, the acquisition offers an opportunity to strengthen its presence in gas infrastructure and energy supplies to Nigerian businesses. Developing domestic distribution is a major issue for Nigeria, which has substantial gas resources but continues to face constraints in infrastructure, transport and energy availability. Making better use of natural gas could support industrial competitiveness and reduce some consumers’ dependence on liquid fuels. A sale still subject to approvals Financial terms have not been disclosed. Completion remains subject to the applicable procedures and approvals. The announcement concerns a signed sale agreement,...