Shell Petroleum B.V. has signed an agreement to sell its full interest in the Shell Nigeria Gas Group to Nigerian energy company Vaaris Energy Limited, marking its exit from Nigeria’s domestic gas distribution business after more than 25 years.
The transaction, announced on Tuesday, October 13, 2026, remains subject to regulatory conditions and approvals. Until completion, the Shell Nigeria Gas Group will remain part of Shell and will continue to serve customers and operate as usual.
The sale covers Shell Nigeria Gas Holding B.V., established in 2019, which holds all but one of the shares in Shell Nigeria Gas Limited. Shell Nigeria Gas Limited was established in 1998 and supplies natural gas to industrial and commercial customers.
The business operates about 170 kilometres of pipeline infrastructure across Ogun, Abia and Rivers states, serving more than 130 connected industrial and commercial customers. It does not operate in upstream gas production, liquefied natural gas or international gas trading.
Commenting on the transaction, Shell’s Country Chair in Nigeria, Elohor Aiboni, said the business had served customers for more than two decades, supported by the expertise of its workforce.
“Shell Nigeria Gas has served industrial and commercial customers in Nigeria for more than 25 years, supported by the commitment and expertise of its people,” Aiboni said in a statement signed by Shell’s Country Communications Manager, Gladys Afam-Anadu.
“We believe this agreement provides a much stronger platform for the business’ next chapter under new ownership. Shell continues to focus on strategic Deepwater and Integrated Gas positions in Nigeria,” she added.
Vaaris Energy Limited is a Nigerian energy company with interests across the oil and gas value chain and an existing operational footprint in the country.
Shell said the sale aligns with its strategy to simplify its portfolio and focus investment on areas where it has competitive strengths, including deepwater oil production and integrated gas operations and its 25.6 percent stake in Nigeria LNG Limited.
The agreement follows Shell’s sale of its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited, to Renaissance, a consortium of five companies, which was completed in March 2025.
