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Shell to sell Nigeria’s domestic gas business to Vaaris Energy

Shell to sell Nigeria’s domestic gas business to Vaaris Energy

By GhanaSummary NewsroomNigeria

READ ALSO: Shell faces trial over alleged misleading evidence in Nigeria oil spill case In Nigeria, the company said it would continue to prioritise deepwater operations and integrated gas, including its interest in Nigeria LNG.

British energy giant Shell has signed an agreement to sell its full interest in Shell Nigeria Gas Group to indigenous energy firm Vaaris Energy Limited, marking its planned exit from Nigeria’s domestic gas distribution business.

Established in 1998, Shell Nigeria Gas supplies natural gas to industrial and commercial customers and runs about 170 kilometres of pipeline infrastructure across Ogun, Abia and Rivers states.

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