Clifford Chance advises lenders on the first-of-its-kind LNG vessel financing in Ghana
International law firm Clifford Chance has advised the lenders on the construction, development and financing of 2 LNG vessels to be used for loading, unloading, regasification, storage and transportation services of liquefied natural gas (LNG) in the port of Tema, located in the Republic of Ghana.
The project owner, Access LNG BV, is an LNG Infrastructure company backed by Helios Investment Partners (a leading Africa focused investment firm) and Gasfin Development SA (an LNG infrastructure developer). The lender group negotiating the financing was made up of multilateral agencies, development finance institutions and commercial banks, with ABSA Corporate and Investment Bank acting as global facility agent, security agent and account bank.