Standard Chartered Advises Shell on Gas Sale to Vaaris

Standard Chartered served as the sole financial adviser to Shell International Limited in the sale of Shell Nigeria Gas Limited to Vaaris Energy Limited. The agreement was made on 13 October 2026, with the transaction anticipated to finalize in the first half of 2027.

Shell Nigeria Gas, a leading gas distribution platform in Nigeria, provides gas supply solutions through its extensive infrastructure, catering to industrial and commercial customers. Standard Chartered's role included strategic and financial advice, managing the sale process, buyer engagement, deal structuring, negotiations, due diligence coordination, and transaction documentation.

Dalu Ajene, Chief Executive Officer and Head of Coverage for Africa at Standard Chartered, emphasized the significance of Nigeria's gas sector in supporting economic ambitions and meeting rising domestic energy demand. Yemisi Deji-Bejide, Head of Mergers and Acquisitions for Africa at Standard Chartered, noted the transaction's demonstration of the bank's ability to execute complex deals by leveraging international expertise and local market knowledge.