**Shell Petroleum B.V. has signed an agreement to sell its entire interest in Shell Nigeria Gas Group to Vaaris Energy Limited, marking a major ownership change in Nigeria’s domestic gas distribution sector.**
Shell announced the agreement in a statement on Tuesday, October 13, 2026, confirming its decision to divest its domestic gas distribution business to the Nigerian energy company.
The transaction will transfer Shell’s full interest in Shell Nigeria Gas Group to Vaaris Energy, a Nigerian firm seeking to acquire the business.
However, details of the financial terms of the transaction, including the value of the deal, were not immediately disclosed in the announcement provided.
The proposed sale raises questions about the future direction of Shell Nigeria Gas’ operations, its existing industrial customers, employees and the supply of natural gas to businesses across the country.
It also places the spotlight on Vaaris Energy’s financial capacity, operational expertise and plans to sustain and expand the business following the acquisition.
The transaction’s completion is subject to any applicable regulatory approvals and other closing conditions, where required.
Shell’s decision concerns its domestic gas distribution business and should not automatically be interpreted as a complete withdrawal from Nigeria’s oil and gas industry.
Further details are expected to clarify the transaction’s financial implications, completion timeline and potential impact on Nigeria’s domestic gas market.
