News Column

King & Spalding Advises Freeport LNG in 20-Year Liquefaction Tolling Agreement With BP Energy

Feb 11 2013 12:00AM

Marketwire

LogoTracker

HOUSTON, TX -- (Marketwire) -- 02/11/13 -- King & Spalding advised Freeport LNG Expansion, L.P. in the company's binding 20-year liquefaction tolling agreement with an indirect wholly owned subsidiary of BP p.l.c., covering 50 percent of the production capacity from the initial two trains of Freeport LNG's natural gas liquefaction and LNG (liquefied natural gas) loading facility on Quintana Island near Freeport, Texas.

A press release announcing this agreement can be found here.

The King & Spalding legal team advising Freeport LNG on this transaction consisted of partner Philip R. Weems and associates Monica Hwang and Matthew Salo, all in the firm's global transactions practice in Houston.

In July 2012, King & Spalding represented Freeport LNG on liquefaction tolling agreements with Osaka Gas Co., Ltd. and Chubu Electric Power Co.

King & Spalding's LNG team is one of the most active and experienced in the world. The firm has a large team of lawyers who spend the majority of their time on LNG matters and has been counselling clients on LNG projects, transactions and disputes globally from the late 1980s through the industry's recent unprecedented growth.

About King & Spalding
Celebrating more than 125 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 800 lawyers in 17 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.



Contact:
King & Spalding
Matt Hyams
+1 212 827 4057
mhyams@kslaw.com





Source: Marketwire


Story Tools