Shell is stepping back from Nigeria's domestic gas market. The oil giant announced on Tuesday that it will sell its domestic gas business in Nigeria to Vaaris Energy, describing the move as part of a broader strategy to streamline its portfolio and focus investments where it holds the strongest competitive ground.
The deal signals another chapter in Shell's ongoing pullback from certain Nigeria operations, as the company continues to reshape what it owns and where it puts its money.
What this means for Nigeria's domestic gas supply and for Vaaris Energy's ambitions is a conversation worth watching closely.
Originally published by Premium Times.