{
  "id": 14234644,
  "title": "Shell Quits Domestic Gas Distribution, Sells SNG To Nigerian Firm, Vaaris Energy",
  "url": "https://urgent.news/2026/10/13/shell-quits-domestic-gas-distribution-sells-sng-to-nigerian-firm",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-13T15:33:44.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/13/shell-quits-domestic-gas-distribution-sells-sng-to-nigerian-firm-vaaris-energy/"
  },
  "original_language": "en",
  "account": "Shell Petroleum B.V. has concluded a deal to relinquish control of its domestic gas distribution operations in Nigeria, transferring the full ownership to Nigerian firm Vaaris Energy Limited. Shell Nigeria Gas Group has been serving industrial and commercial customers for over 25 years. Elohor Aiboni, Shell's Country Chair in Nigeria, revealed the transaction on Tuesday, stating that it creates a stronger foundation for the business under new ownership, while enabling Shell to concentrate on its strategic deepwater and integrated gas ventures in Nigeria. Aiboni emphasized that Shell Nigeria Gas has consistently served industrial and commercial customers in Nigeria for more than two and a half decades, with the support of its dedicated workforce. The transaction is contingent on fulfilling regulatory conditions and obtaining necessary approvals. During the transition period, the Shell Nigeria Gas Group will remain under Shell's umbrella and continue to serve customers as usual. Shell Nigeria Gas Limited was founded in 1998, supplying natural gas to commercial and industrial clients across Ogun, Abia, and Rivers states through approximately 170 kilometers of pipeline infrastructure. Vaaris Energy Limited, a prominent Nigerian energy company with a diverse portfolio within the oil and gas sector, will assume control of Shell Nigeria Gas Limited, which currently holds over 99% of the shares, except for one. The sale aligns with Shell's strategy to streamline its portfolio and intensify investments in areas of competitive advantage. In Nigeria, Shell's strategic focus remains on Deepwater and Integrated Gas, alongside its involvement in the Nigeria LNG project, underscoring its commitment to these sectors.",
  "summary": "Peter Uzoho 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. Shell Nigeria Gas",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}