Shell to sell Nigeria’s domestic gas business to Vaaris Energy

On Tuesday, energy major Shell announced an agreement to sell its entire interest in the Shell Nigeria Gas Group to Vaaris Energy. The transaction involves the company's domestic gas distribution business operating within Nigeria.

According to the company statements, the divestment is part of ongoing strategic efforts led by CEO Wael Sawan. The move is designed to simplify Shell's overall portfolio and concentrate future investments on areas of competitive strength.