Shoreline Energy Signs Deal With Shell To Supply Gas To Lagos Environs

Shoreline Energy Signs Deal With Shell To Supply Gas To Lagos Environs

Nigerian energy company Shoreline has signed a $300 million agreement with the local unit of Shell to develop gas infrastructure around the commercial capital, Lagos, Reuters reports.

Shoreline said the agreement was to develop, buy, market, distribute and sell natural gas in the Victoria Island, Ikoyi, Lekki and Epe districts — areas that contain the city’s business hub and some of the country’s most expensive residential properties. It said the agreement provided exclusive rights to distribute and sell gas in those areas.

“The partnership is a significant boost to the gas supply efforts of the Federal and Lagos State governments and will deliver tangible benefits to companies and households in Lagos,” said Shoreline’s chairman, Kola Karim.

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