James M. Douglass

Partner

james.douglass@bakerbotts.com

London

P: +44.20.7726.3441 F: +44.20.7726.3541
James Douglass Photo

Mr. Douglass is an energy lawyer delivering complex high value projects for clients in many different market and legal environments particularly in emerging markets. He has deep experience in Asia, Africa, Russia, Central Asia, Turkey, the Middle East, the CEE and Latin America/Caribbean. Through his time living and working in Asia, he has developed an understanding of the requirements of Asian investors in their global energy projects.

Mr. Douglass' practice primarily focusses on power (conventional and renewables), Oil & Gas (LNG, upstream, midstream, downstream), infrastructure and resources. In addition, Mr. Douglass has substantial experience advising on project finance and other structured lending and on project contracts/EPC, M&A and shareholders joint venture arrangements.

Related Experience

  • Sakhalin Energy Investment Company Ltd. and its sponsors (Gazprom, Shell, Mitsui, Mitsubishi) on the US$6.7 billion project financing of the two train Sakhalin 2 LNG project, offshore Pacific Russia, on development, project financing from JBIC, Nexi and a syndicate of commercial banks, construction, sales (long term sales to Japanese utilities, Kogas, Shell Eastern Trading and Gazprom Global LNG and short term sales to Asian buyers), operational and governance issues*
  • Sellers and off-takers on LNG SPA’s from Oman LNG, NLNG, OK LNG and Brass LNG projects in Nigeria, Yemen LNG project, Malaysia TIGA LNG and Sabine Pass II LNG liquefaction terminal, Louisiana, USA*
  • Chinese banks on a US$300 million financing in respect of the Atlantic LNG Train 1 project in Trinidad and Tobago
  • Participant in the Coral South LNG and oil and gas project in Mozambique
  • Members of the Macquarie led consortia on their bids for the National Grid gas distribution assets in the UK and the UK Green Investment Bank*
  • Investor (through Mezzanine loans) in Train 3 of the Freeport LNG project, Texas, USA*
  • Operator of the LNG re-gas terminal for the Enamalta LNG to power project
  • Advised on upstream documentation and petroleum industry legislation in respect of Nigeria, South Africa, Angola, DRC, Ghana, Mauritania, Tunisia, Chad, Egypt, Tanzania, Uganda, UK, Denmark, Norway, Canada, USA, Brazil, Australia, PNG, Indonesia, Thailand, Vietnam, China, Pakistan, Oman, Russia, Kazakhstan*
  • Nippon Export and Investment Insurance (NEXI) on the US$400 million recourse loan to Pemex and its operating subsidiaries through the Pemex Master Project Funding Trust for development of the Cantarell oil and gas field, Mexico*
  • Advising lenders on US$230 million borrowing base financing for Afren Okoro Limited in respect of the development of the Setu and Okoro oil fields, offshore Nigeria*
  • Lenders on the US$250 million borrowing base project financing of British Borneo's interest in the Elgin-Franklin gas and condensate field in the UKCS (the North Sea)*
  • Lenders on the borrowing base financing of Star Energy Plc. - Onshore producing fields and gas storage facilities and on two re-financings and acquisition finance facilities for the acquisition of Pentex Limited by Star Energy Plc*
  • Industrial and Commercial Bank of China on a US$1.5 billion oil backed Sinosure covered financing to PDVSA, the national oil company of Venezuela (the first financing arranged by a Chinese bank involving an orphan SPV and the first time PDVSA entered into an international financing using an orphan SPV structure)*
  • PetroChina on the development of the entire value chain for the US$22 billion 4,200km West-East Natural Gas Pipeline from Xinjiang Autonomous Region to Shanghai, including overall joint venture framework agreement with IOC partners, upstream participation, the pipeline itself and the downstream off-take*
  • Total Raffinage Chemie on its US$9 billion world scale refinery and petrochemicals project in Zhanjiang, Guangdong province, PRC in joint venture with Kuwait Petroleum and Sinopec*
  • China Development Bank on the project financing of the US$3.9 billion Surgil gas to petrochemicals project in Uzbekistan*
  • Sasol Limited on its US$300 million corporate loan facilities from JBIC to fund a petrochemicals complex at Sasolburg, South Africa and associated petrochemicals marketing JV with Mitsubishi Chemicals*
  • Tupras as borrower and Koc Group as sponsor on the US$2.2 billion SACE/CESCE backed financing for the Izmit Refinery upgrade project, Turkey*
  • China State Grid International Development Limited on its US$3.5 billion acquisitions from Singapore Power Limited of power and gas transmission and distribution assets on the east coast of Australia*
  • Abraaj (the emerging markets focused private equity firm) on its acquisition of the Themis development platform with power projects throughout Africa and Turkey*
  • Lenders (IFC, AFDB, EIB, KfW, FMO, AFD/Proparco, DEG and commercial banks backed by PRG from MICA) on the US$700 million project financing of the Bujagali 2 hydro project in Uganda*
  • China Development Bank on the project financing of a 300 MW mine mouth coal fired power plant in Bosnia - Herzegovina (the first major power plant constructed by a Chinese company in Europe)*
  • Lenders on the 990MW gas-fired IPP at Tapada do Outeiro, Portugal (the first gas-fired IPP in continental Europe) involving EIB, EIF, KfW and commercial banks*
  • Sponsors (International Power Plc., Marubeni and Unit International) and borrower on the US$580 million project financing of the 480MW gas-fired IPP at Marmara Ereglisi, Turkey involving JBIC, NEXI, Hermes, OND, OeKB and commercial banks*
  • Arrangers of the project financing of the Basasse/coal-fired CTBV power plant in Mauritius, involving EIB and commercial banks*
  • African Development Bank and PTA Bank (the development bank for southern and eastern Africa) on the project financing of the Hydromax hydro-electric power plant in Uganda*
  • China Development Bank on its €800 million facility to REN - Redes Energéticas Nacionais to finance power grid a natural gas pipeline infrastructure projects in Portugal*
  • Asia Container Terminals on the development of the CT9/CT8W container terminals in Hong Kong*
  • Offshore and onshore lead arrangers on the US$2 billion limited recourse project financing of Phases 1.1 and 1.2 of the Pusan New Port project*
  • Offshore lenders on the first foreign-financed project in the Republic of Korea under the PPI Act, the limited recourse project financing of the US$2 billion Daegu Busan Expressway*
  • Lead arrangers in the €800 million project financing of the Rion-Antirion bridge project in Greece, involving EIB and commercial banks*
  • Lead arrangers on the €800 million project financing of the Interior Norte shadow toll road project in Portugal, involving EIB and commercial banks*
  • Lead arrangers of the €600 million re-financing of the project financing of the two Tagus diver crossings, Ponte 25 Abril and Ponte Vasco de Gama in Portugal, involving EIB and commercial banks*
  • Lenders on the US$170 million KSure backed facility to the Tema Oil Refinery project in Ghana*
  • Wuhan Iron and Steel Corp on an iron ore/steel/port investment in Brazil. Advising the arrangers of a US$300 million project finance facility for the development and operation of a gold mining complex in Greece*
  • Lenders on the US$600 million and US$1.7 billion RCF’s for Glencore International AG with security over oil receivables on inventory in LME approved warehouses*
  • Chinese consortium in developing the Simandou iron ore deposit and related infrastructure project in Guinea*

*Prior to joining Baker Botts

Awards & Community

Leading individual China (Projects and Energy), “James Douglass is a project finance specialist who acts for both sponsors and lenders. His clients describe him as ‘a very experienced lawyer’. He provides opinions on crucial points, and fights to get us the advantage during negotiations," Chambers Asia 2013, Projects & Infrastructure (International Firms): China.

“Standout names, who are ‘very good at what they do,'" Chambers Asia 2013, Projects & Infrastructure (International Firms): China.

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