Liquefied Natural Gas

• Counseled Tellurian Inc. in its approximately $900 million sale to Woodside Energy Group Ltd.
• Advised EQT Corporation in a Heads of Agreement with Commonwealth LNG to produce one million tons per annum of LNG under a 15-year tolling agreement, and associated gas supply to Commonwealth LNG’s facility in Cameron, Louisiana.
• Represented New Fortress Energy Inc. in the sale of 11 LNG infrastructure vessels to a new joint venture formed with Apollo Global Management Inc. in a deal valued at $2 billion.
• Advised GAIL (India) Limited in negotiating and implementing a terminal services agreement relating to Dominion’s Cove Point LNG export project and related regulatory, pipeline and gas supply matters. We performed extensive analysis of U.S. Department of Energy (DOE) non-Free Trade Agreement authorization matters.
• Represented Tellurian Inc. in structuring its proposed Driftwood LNG export project in southwestern Louisiana on the U.S. Gulf Coast and in multiple feed gas supply arrangements.
• Assisted SK E&S Company, Ltd. in its liquefaction tolling agreement relating to Train 3 of Freeport LNG’s Texas-based liquefaction project, including related regulatory, FERC and DOE analysis, gas, transportation and power supply arrangements.
• Counsel GAIL Global Singapore on all aspects of their LNG marketing business, including development and negotiations of master sale and purchase agreements, review of trade financing terms and shipping arrangements.
• Negotiated a suite of LNG Master Sale and Purchase Agreements for spot and short-term strip deals for GAIL Global Singapore Pte Ltd, the LNG marketing division of India’s largest natural gas company.
• Advised a financial institution in structuring the first carbon-neutral LNG transaction in the U.S.
• Represented a large independent E&P company in its investment and marketing arrangement with a start-up company that seeks to develop domestic and international compressed gas liquids tolling and regasification facilities to export natural gas and natural gas liquids from the U.S.
  
  

We advise on all major issues impacting the LNG market, including:

• LNG import (including gas-to-power) and export projects
• Netback pricing
• Spot, short-medium term and long-term trading
• Regasification, including floating storage regasification units (FSRU)
• Equity cost and liquidity transactions
• Balance sheet and equity financed LNG
• LNG price review/price reopeners and antitrust issues
• Regulatory and permitting
• Carbon capture, storage, management and accounting, including verification of emissions
• Green LNG
• Integration with the hydrogen industry.

We also negotiate and document transactions involving global gas and LNG index pricing, as well as proxy index and hybrid pricing.

Our global, multidisciplinary team also helps our clients analyze price reopening and other provisions in LNG sale and purchase agreements (SPAs) and other LNG contracts, examining potential disputes or claims and strategies to renegotiate and possibly terminate existing offtake and other arrangements. We have also advised on antitrust rules applicable globally to joint marketing arrangements and how such rules can impact the enforceability of destination or resale restrictions under long-term LNG SPAs, as well as regulatory issues associated with exports of LNG from the United States (U.S.), EU member states, and the Middle East.

Our experience encompasses matters pertaining to dozens of LNG projects globally, including—

Africa

• Mozambique LNG
• New Age FLNG

Asia

• Petronas FLNG 1
• PNG LNG
• Singapore LNG (SLNG)

Australia

• Gladstone LNG
• Wheatstone LNG

Canada

• Discovery LNG
• Kitimat LNG

Latin America

• Atlantic LNG
• GNL Quintero

United States

• Cameron LNG
• Cheniere’s Corpus Christi Liquefaction Project (CCL)
• Cove Point LNG
• Driftwood LNG
• Eagle LNG Partners
• Freeport LNG
• Gulf LNG
• Lake Charles LNG
• Sabine Pass LNG
• Rio Grande LNG
• Venture Global Calcasieu Pass LNG