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Allens advises on US$750m LNG infrastructure investment
Allens has advised Global Infrastructure Partners Australia (GIP) on its US$750 million investment into a newly established JV with TotalEnergies subsidiary, Total GLNG Australia (TGA), in relation to TGA’s interest in the Gladstone LNG Project’s downstream infrastructure facilities.
TGA retains full control and ownership of its 27.5% interest in the Gladstone LNG Project joint venture.
‘We congratulate GIP on another landmark acquisition’, said lead Partner Igor Bogdanich.
‘The investment is a continuation of GIP’s broader strategy of targeting high-quality assets in sectors where it has deep knowledge, with a focus on complex transactions and strategic joint ventures and follows on from its US$2.5 billion purchase of an interest in Shell’s Queensland Curtis LNG common facilities earlier this year’.
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Allens advises Santos on Darwin LNG and Bayu-Undan sale
Allens has advised Santos Limited on the sale to SK E&S of a 25 per cent interest in the Darwin LNG facility and the Bayu-Undan gas fieldUS$390 million. The completion of the sale was announced by Santos on 30 April 2021.
The transaction is the most recent stage in Santos’ strategic alignment of interests in the Barossa Project – the final investment decision for which was announced on 30 March 2021 – and Darwin LNG. It also follows Santos’ acquisition of ConocoPhillips’ northern Australian assets, completed in May 2020, on which Allens also advised.
‘We congratulate Santos on this important sale, which brings them another step closer to bringing Barossa gas into production through the Darwin LNG facilities,’ said lead Partner Igor Bogdanich.
Allens advises on US$2 5 billion LNG infrastructure investment miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.