Lagos, Nigeria, October 2026 – Standard Chartered has acted as sole financial adviser to Shell International Limited on the sale of Shell Nigeria Gas Limited (SNG) to Vaaris Energy Limited, a significant transaction involving one of Nigeria’s leading gas distribution platforms.
Shell entered into an agreement for the sale on 13 October 2026, with completion expected in the first half of 2027.
SNG is a leading gas distribution company in Nigeria, providing gas supply solutions to industrial and commercial customers through an extensive gas infrastructure network. The transaction will provide Vaaris Energy with a scaled gas infrastructure platform positioned to support and benefit from growing domestic gas demand. Nigerian Banking Launch
Standard Chartered provided strategic and financial advice throughout the transaction, managing the end-to-end sell-side process, including transaction preparation and positioning, buyer engagement, deal structuring, negotiations, diligence coordination and transaction documentation. The mandate builds on the Bank’s longstanding relationship with Shell and its experience supporting strategic advisory mandates across Shell’s global portfolio.
Commenting on the transaction, Dalu Ajene, CEO and Head of Coverage, Africa, Standard Chartered, said:
Nigeria’s gas sector has an important role to play in supporting the country’s economic ambitions and meeting growing domestic energy demand. Across Africa, investment in critical energy infrastructure is essential to unlocking industrial growth and long-term development, and this transaction demonstrates the role strategic investment can play in advancing that opportunity. At Standard Chartered, connecting our clients in Nigeria and across Africa to global capital and investors remains a priority. We are pleased to have supported Shell by bringing together the strength of our international network, deep local knowledge and sector expertise.’ Nigerian Banking Launch