Freshfields Bruckhaus Deringer has advised PetroChina Company Limited (PetroChina) on the sale of its 100% equity interest in PetroChina Kunlun Gas Co., Ltd to Kunlun Energy Company Limited (Kunlun Energy).
The value of the sale, which remains subject to shareholder and regulatory approval, is RMB 14.82bn (US$2.28bn).

Kunlun Energy is a Hong Kong-listed company controlled by PetroChina and is a leading developer of oil and gas fields, and provider of natural gas products in mainland China.

The Freshfields team that advised on the transaction was led by China Chairman Teresa Ko and corporate partner Richard Wang.