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Shell to sell local gas stations to new Indonesia-Philippine venture
Shell is selling its gas station business and related supply and distribution operations, but not its lubricant business, to an Indonesian-Philippine joint venture, with the transfer process to be completed by the end of next year.
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An attendant charges an electric vehicle at a Shell charging station in North Jakarta, in this undated picture. The Anglo-Dutch energy giant aims to operate 500,000 charging stations worldwide by 2025. (Shell/Handout)
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T Shell Indonesia, a wholly owned subsidiary of Anglo-Dutch energy giant Shell plc, has agreed to sell ownership of its gas station business to a new joint venture between the Philippines’ Citadel Pacific Limited and local lubricant distributor Sefas Group, with the transfer process expected to be completed by the end of 2026.
The deal also includes associated supply and distributions operations grouped in Shell Indonesia’s mobility value chain business.
Shell has around 200 gas stations in Indonesia, of which more than 160 are company-owned, as well as a fuel terminal in Gresik, East Java.
“Following completion [of the ownership transfer], the Shell brand will remain in Indonesia through brand licensing agreements, fuel will be supplied through Shell Trading and customers will continue to have access to Shell’s high-quality fuel products,” it said in a statement on Friday.
The company also emphasized that the gas station deal did not include its lubricant business in Indonesia, a key growth market.
Shell currently owns and operates a lube oil blending plant (LOBP) with a maximum capacity of 300 million liters. It is also developing a grease manufacturing plant with an annual capacity of 12,000 tonnes in Marunda, North Jakarta, as part of its commitment and strategy to transform its portfolio, according to the company.
Based in Taguig, east of Manila, Citadel Pacific is a private holding company with diversified businesses including aviation services, telecommunications, gas distribution and fuel marketing, with operations across the Asia-Pacific. It has Shell brand licensees in Guam, Hong Kong, Macau and the Republic of Palau, as well as on Saipan, the Northern Mariana Islands.
