Shell Agrees to Sell Nigeria Gas Distribution Business to Vaaris Energy

Shell Petroleum B.V. has agreed to sell its entire interest in Shell Nigeria Gas Group to Vaaris Energy Limited, a Nigerian company. The deal will see Shell exit Nigeria’s domestic gas distribution business. Shell Nigeria Gas supplies natural gas to industrial and commercial customers through pipeline networks. The company’s gas distribution operations support manufacturers and other businesses that rely on natural gas as an energy source. Further details of the transaction are expected.

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