IFLR1000

China National Petroleum Corporation acquisition of 10% stake in Arctic LNG 2 project

12/6/2019
Private acquisition
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Announced

12/6/2019

Overview:

  • China National Petroleum Corporation has agreed to acquire a 10% stake in the Arctic LNG 2 project.
  • The project is located offshore from northwest Siberia, and involves the construction of three LNG trains with a planned capacity of 19.8 mmtpa. Production is expected to begin in 2022-23.

Prin Shasiharan - Researcher

Jurisdictions:

China
Russia

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Energy
Oil and gas

Firm:
Herbert Smith Freehills

Party: China National Petroleum Corporation (CNPC) (Acquirer)

Lawyers: Danila Logofet, Hilary Lau, Monica Sun

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