USA: King & Spalding Represents Freeport LNG in BP Agreement

King & Spalding advised Freeport LNG Expansion in the company’s binding 20-year liquefaction tolling agreement with an indirect wholly owned subsidiary of BP, covering 50 percent of the production capacity from the initial two trains of Freeport LNG’s natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas.

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 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.

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LNG World News Staff, February 12, 2013; Image: Freeport LNG