Shell sells Shell Nigeria Gas to Vaaris Energy

Port Harcourt Town, Port Harcourt, Nigeria - panoramio (1)

Shell sells Shell Nigeria Gas to Vaaris Energy

Shell Petroleum B.V. has agreed to sell the Shell Nigeria Gas Group, about 170km of pipeline serving more than 130 industrial customers, to Vaaris Energy. Value undisclosed.

October 17, 2026

Shell Petroleum B.V. has agreed to sell the Shell Nigeria Gas Group to Vaaris Energy Limited. The value has not been disclosed.

What is being sold

The perimeter includes Shell Nigeria Gas Holding B.V., which holds all but one share of Shell Nigeria Gas Limited. The business runs about 170km of gas distribution pipeline serving more than 130 industrial and commercial customers in Ogun, Abia and Rivers states (ThisDay; Investors King).

Status

The sale was announced on 13 October 2026 by Shell’s Country Chair in Nigeria, Elohor Aiboni. It is subject to regulatory approvals and other conditions, and the business continues to operate under Shell until completion. Advisers have not been disclosed.

Why it matters

Shell says it will concentrate on deepwater and integrated gas in Nigeria, including its Nigeria LNG interest. The sale follows its exit from onshore production through the sale of SPDC, and continues the transfer of Nigerian midstream and downstream assets to domestic operators. Vaaris also appears on The Meridian’s record as buyer of TotalEnergies’ 10% interest in the NNPC/Renaissance joint venture.

Photo: stone wu / Wikimedia Commons, CC BY-SA 3.0 (illustrative).

The Meridian Editorial Team

Andrew U. — Editorial Director | Damilare A. — Intelligence Director | Amaka Nwoye — Senior Legal Research Analyst | Salome Mensah — Market Intelligence Analyst | May Ndlovu — Editorial Researcher | K.K. Lawal — Senior Correspondent | The Meridian’s editorial team brings experience across West African legal markets, commercial law, market intelligence and structured research. Our standard is simple: evidence first, independent judgement, and analysis grounded in how legal work happens in practice.