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First with the News
Home Economy

Shell Floats New Energy Business Line In Nigeria

November 4, 2021
in Economy, Top Stories
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Nigeria Blocks Shell’s $1.3 Billion Onshore Asset Sale
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By John Ikani 

Global Energy Company, Shell, says it has established a new business line in Nigeria to expand natural gas marketing and sales to meet the rapidly growing energy needs of wholesale customers and provide more and cleaner energy solutions in the country.

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It said the new business line known as Shell Energy Nigeria, would build on the success of Shell Nigeria Gas by delivering competitive and reliable energy for power generation and industrial users, and to develop gas distribution to serve people in new regions.

A statement quoted the General Manager of Shell Energy Nigeria, Markus Hector as saying: “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.”

According to the statement, 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.

It added that the new business would draw on the capabilities and experience of Shell Energy, offering a comprehensive selection of energy solutions available from a single supplier and made possible by one of the industry’s largest trading operations.

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.”

Shell Nigeria Gas will continue current operations as part of Shell Energy Nigeria. 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.

Tags: Markus HectorOsagie OkunborShellShell Energy Nigeria
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