Shell appoints Standard Chartered as sole adviser for sale of its Nigerian gas business to Vaaris Energy
Shell International Limited entered into an agreement on 13 October 2026 to sell Shell Nigeria Gas Limited to Vaaris Energy Limited. Standard Chartered acted as the sole financial adviser, handling strategy, buyer engagement and transaction documentation. The sale is expected to close in the first half of 2027. The transaction value was not disclosed.
Why it matters
The deal advances Shell’s portfolio optimisation strategy by exiting a non‑core gas distribution asset. Completion will shift ownership of a major Nigerian gas platform to Vaaris Energy, potentially affecting Shell’s future cash flows and balance‑sheet exposure to the region.
Key facts
- 1Shell entered into an agreement to sell Shell Nigeria Gas Limited to Vaaris Energy Limited on 13 October 2026. punchng.com
- 2Standard Chartered is the sole financial adviser to Shell on the transaction. punchng.com
- 3The transaction is expected to be completed in the first half of 2027. punchng.com
- 4The transaction value has not been disclosed. businessday.ng
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.