Tuesday, December 7

Shell unveils new business line in Nigeria


Global energy giant, Shell, has announced the expansion to a new business line in Nigeria with the expansion of natural gas sales and distribution to meet the growing energy needs of wholesale consumers and provide more and cleaner energy across the country.

The new business line, which is Shell Energy Nigeria will seek to deliver gas-based energy solutions to businesses across the country to help drive economic development while also delivering greater value from the country’s natural resources.

According to a statement signed by the Media Relations Manager of Shell, Bamidele Odugbesan, the new business is expected to draw on the capabilities and experience of Shell Energy, a leading global provider of reliable, integrated and innovative energy solutions from a portfolio of natural gas, power and environmental products.

What the General Manager of Shell Energy Nigeria is saying

The General Manager, Shell Energy Nigeria, Markus Hector, said, “In line with the Federal Government’s ‘decade of gas’ initiative, Shell Energy Nigeria will strive to deliver gas-based energy solutions to a broad range of businesses across the country to help drive economic development and deliver greater value from the country’s natural resources.’’

Shell Energy Nigeria’s gas solutions are designed to partner with other sources of energy – including renewables – to provide competitively priced and flexible energy, while helping the country to transition to a lower carbon energy system.

What the Country Chair of Shell Companies in Nigeria is saying

The Country Chair of Shell companies in Nigeria, Osagie Okunbor, said, “Shell Energy Nigeria demonstrates our ongoing commitment to powering progress by providing more and cleaner energy solutions in the country. It brings to Nigeria Shell’s decades of marketing and trading experience, a wealth of market knowledge and its ability to integrate energy solutions to support economic development in Nigeria.”

The new business offers a comprehensive selection of energy solutions available from a single supplier and made possible by one of the industry’s largest trading operations.

Building on the success of Shell Nigeria Gas, Shell Energy Nigeria, aims to deliver competitive and reliable energy for power generation and industrial users and to develop gas distribution to serve people in new regions.

What you should know

This appears to be a new business focus and strategy for Shell in its operations in Nigeria.

Recall that recently, Shell had intensified its move to drive down carbon emissions as well as deliver value to their shareholders, customers and the general public.

Meanwhile, Royal Dutch Shell had in July 2021, launched a major divestment of its Nigerian assets as they had engaged Standard Chartered to sell its Shell Petroleum Development Company of Nigeria Limited (SPDC) subsidiary.

The sources had said that Shell is selling its Nigerian business because it no longer views its activities in the Niger Delta as core to its ongoing strategy, which is driven by the Environmental, Social and Governance (ESG) pressure from its investors.

Shell Nigeria Gas (SNG) will continue its current operations as part of Shell Energy Nigeria.

SNG was incorporated in 1998 SNG is a fully owned Shell company for the downstream distribution of gas to over 120 industries and manufacturing plants in Nigeria. The company’s 150-kilometre gas transmission and distribution network serves several distribution systems, including Agbara-Ota industrial cluster in Ogun State, the Aba Cluster in Abia State, and the Port Harcourt Cluster in Rivers State



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