• CNPC acquires 35% interest in SSPD, currently 100% owned by Shell
• Shell was advised by its own in-house legal team
• In March 2010, Herbert Smith also advised China National Offshore Oil Corporation’s acquisition of LNG for a 20-year period from BG Group
“We have seen a very significant upswing in outbound acquisition activity by Chinese companies who are keen to secure energy resources and are looking around the world to meet their future needs.” Anna Howell, Herbert Smith