King & Spalding Advises Freeport LNG in 20-Year Liquefaction Tolling Agreement
With BP Energy
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.
King & Spalding
+1 212 827 4057
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