Liquefied Natural Gas (LNG)

Liquefied Natural Gas (LNG)

Straight Talk on Liquefied Natural Gas (LNG) Deals

Moving an LNG project from inception to completion involves many players and many levels of risk. We help our clients to identify the risks inherent at each stage of an LNG project as well as to identify solutions to mitigate those risks.

Our firm’s practice crosses all aspects of international LNG transactions, including the regulatory approval process, corporate matters (including entity selection, corporate governance, and joint venture considerations), engineering, procurement and construction contracts, long-term off-take agreements and terminal use agreements, gas supply and transportation agreements, operation and maintenance agreements, corporate, structured and project finance and securities offerings (including master limited partnerships). Our cross-disciplinary approach offers clients information to identify and manage risks involved in each aspect of an LNG transaction, and to minimize the likelihood that the identified risks in one aspect of the transaction can have unanticipated consequences in another.

A Tradition of Top Projects

Our firm’s rich history covers over 100 years in the energy industry, beginning with the earliest Texas wildcatters and the development of the Port of Houston. Throughout that time, we have been a leader in the field of energy law. Representative transactions include advising:

Regulatory Counsel

We manage a range of regulatory matters in the scope of complex LNG projects. We work with our clients to confront the economic, geopolitical and environmental challenges of large LNG projects.

We help our clients by:

Construction and Operation and Maintenance Agreements

Sponsors, lenders, contractors and other participants rely on the advice of our lawyers in the construction and operation of LNG facilities. Each liquefaction, regasification and storage terminal brings a unique set of challenges that require innovative approaches in the engineering, procurement and construction processes and operation of these facilities.

Our depth of knowledge in construction-related and operation-related LNG contracts includes:

Long-Term Off-Take Agreements, Terminal Use Agreements, and Gas Supply and Transportation Agreements

Our clients rely on our lawyers’ proven experience to help them make strategic decisions about the structuring of LNG sale and purchase agreements (SPAs), terminal use agreements (TUAs), gas supply agreements and gas transportation agreements, including analysis of the risks and benefits of alternative contracting formats and negotiating strategies.

We have advised on a broad scope of LNG SPAs and TUAs, including multi-year use-or-pay liquefaction tolling agreements, as well as gas supply and transportation agreements. Our lawyers in our Beijing, Houston and London offices are well-versed in these agreements, including the optimal choice of law in international LNG projects.

Corporate, Structured and Project Financing

Our lawyers regularly assist LNG clients, and other energy-focused businesses, in private and public offerings of debt and equity securities. We advise on structuring joint venture arrangements and organizations and negotiating ownership and operating agreements.

Our lawyers have extensive experience in project financing industrial projects such as LNG facilities, petrochemical facilities and power projects.

Our firm was involved in the creation of the first MLPs in the early 1980s and served as issuer's counsel on the first "drop down" MLP in 1983. Since the 1980s, we have been a market leader in MLP transactions due to our deep experience in addressing the complex partnership, securities, tax and business issues associated with creating, governing and growing an MLP.

LNG MLP offerings we have recently advised on include:

Our other capital market transactions relating to LNG include:

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