London—Dentons has advised PETRONAS, the Malaysian oil and gas giant, on its acquisition of Statoil's 15.5% interest in the Shah Deniz gas field and associated pipelines off shore Azerbaijan. The deal completed in April 2015.

Shah Deniz is one of the largest gas projects in the world, paving the way for Caspian gas to be delivered directly to European markets for the first time through pipelines across Turkey, Greece and Albania into Italy, reducing Europe's dependence on Russian gas.

This major transaction was signed in a short period of time due to Petronas' focused in-house legal and commercial teams. The deal represents one of Petronas' largest acquisition deals.

The Dentons team was led by Energy Partner Humphrey Douglas, Corporate Partner Nigel Webber and Azerbaijan Partner James Hogan. Senior Associates included Joseph Altendorf, Helen Bowdren.

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