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Education and Honors
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J.D., Cornell Law School, 1984 Editor, Cornell Law Review
M.B.A., Cornell University, 1984
B.A. ( summa cum laude), economics and psychology, Union College, 1980 Phi Beta Kappa
Selected six times by International Financial Law Review as one of the leading project finance attorneys worldwide
Listed in the Chambers USA Guide America's Leading Business Lawyers, 2005 - 2009; The Best Lawyers in America, 2007 - 2010; PLC Which Lawyer? (Highly Recommended - Energy; Recommended - Banking & Finance), 2008 - 2009; Super Lawyers, 2009; Best Lawyers, 2009; and PLCCross-border Finance Handbook, 2009-2010
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Admissions and Affiliations
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Practice Areas
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Concentration Project development and finance, focusing on the LNG, natural gas, electric power and renewable energy industries
Summary Steven Miles heads Baker Botts' firmwide Project Development and Finance section, as well as the LNG Practice. His practice focuses on the energy sector in the United States and internationally, particularly in the liquefied natural gas (LNG), natural gas, electric power and renewable energy industries. Mr. Miles is currently serving as the co-chair of the LNG Committee of the Association of International Petroleum Negotiators (AIPN), which is in the process of drafting model form agreements for LNG SPAs. He is listed in the Chambers USA Guide America's Leading Business Lawyers, 2005 through 2007, and in The Best Lawyers in America, 2007 through 2010. He has been selected five times as one of the leading project finance attorneys worldwide by the editors of the International Financial Law Review.
Mr. Miles has worked on over 100 major LNG transactions worldwide, including having assisted clients in launching such leading-edge projects as the first LNG project in South America, the first LNG project to export LNG to the West Coast of North America, the first floating regasification terminal, and the first LNG imports into new terminals in Brazil, China, India, the U.S. and several other countries. He is currently serving as the Co-Chair of the 200 member LNG Committee of the Association of International Petroleum Negotiators (AIPN), which is in the process of drafting model form agreements for LNG Master Sales Agreements.
He is listed in the Chambers USA Guide America's Leading Business Lawyers, 2005 through 2009, and in The Best Lawyers in America, 2007 through 2010, as well as in PLC Which Lawyer?, Super Lawyers and Cross-Border Finance Handbook . He has been selected six times as one of the leading project finance attorneys worldwide by the editors of the International Financial Law Review.
Representative Engagements Liquefied Natural Gas (LNG)
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Brass LNG Ltd. – development of a two-train LNG project in Nigeria, including LNG sale and purchase agreements (SPAs), gas supply agreements (GSAs), engineering procurement and construction (EPC) contracts, technology licensing agreements, shipbuilding contracts and time charter agreements (TCAs) for LNG shipping; project sponsors include NNPC, Total, ConocoPhillips and ENI
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Petrobras – SPAs and master sales agreements (MSAs) for the first purchase and import of LNG into Brazil, including chartering of floating storage and receiving vessels
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Petronet LNG Ltd. – development and expansion of two LNG receiving terminals, including SPAs, EPC contracts and TCAs and ancillary agreements for LNG shipping
- Citigroup – Credit support for potential purchaser of LNG from LNG project in Africa
- Merrill Lynch Commodities – Singapore LNG project
- Merrill Lynch Commodities – development of potential LNG project in Jamaica
- Various Financial Institutions – development of LNG trading models
- Sempra – development of a model LNG master sales agreement for spot and short-term LNG purchases and sales
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BP – LNG terminal service agreement (TSA) for regasification of LNG in the United States
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BP – SPA for sale of LNG from Tangguh, Indonesia, to Sempra Energy for delivery to Baja California, Mexico and TCA for LNG shipping
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BP – SPA for the sale of LNG from Tangguh, Indonesia, to the People's Republic of China
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BP – marine services agreement for an LNG receiving terminal in Baja California, Mexico
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BP – MSA for LNG sales to North America
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U.S. Energy Company – long-term purchase of LNG from Qatar Gas and development of U.S. receiving terminal facilities
- Apache Corp. – development of LNG project in Australia
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Hunt Oil Co. – development of Camisea, Peru, LNG project, including SPA, port use agreement, and marine services agreement
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Marathon Oil Corp. – development of an LNG, natural gas liquids and condensate project in Equatorial Guinea
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Marathon Oil Corp. – long-term and spot purchases of LNG for delivery to Elba Island, Georgia
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Jordan Cove Energy Project LLP – development of an LNG receiving facility and negotiation of TSAs
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Global power company – development of an LNG receiving facility, associated electric power generating plant and undersea natural gas pipeline and electric transmission line in the Bahamas
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Global power company – LNG purchase agreements for use by two electric power generating plants in the Dominican Republic
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Global power company – LNG supply for a proposed electric generating plant in Honduras
- Global power company – LNG supply for proposed Sparrows Point LNG receiving terminal
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Qatar General Petroleum Corp., the national oil and gas company of Qatar – potential sale of LNG as part of a proposed Qatar-Europe project
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U.S. energy company – LNG SPAs, transportation scheduling agreements, and related documents for the sale of LNG from Venezuela to various receiving terminals in the United States
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U.S. energy company – purchase of LNG from Trinidad for an LNG-fueled electric power generating station in Puerto Rico
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Power Trading Corp. – development of an LNG-fueled power plant and LNG receiving terminal in Pipavov, India
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U.S. energy company – LNG SPA and transportation issues for delivery to Elba Island, Georgia
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U.S. energy company – LNG transportation arrangements for the purchase of LNG from Qatar
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Six Japanese utilities – multiple long-term contracts to purchase LNG from Indonesia and structuring LNG tanker fleet agreements
Electric Power, Renewable Energy and Conservation
Natural Gas
Coal to Gas
- GreatPoint Energy – counsel regarding development of coal gasification projects using leading-edge technology
LPG
- U.S. energy company – LPG fuel supply agreement for an electric power plant in Puerto Rico
Refineries
- Midor Refinery – crude oil sale and refined product purchase agreement for a new refinery in Egypt
Energy Recycling
- Saudi American Bank – $25 million project and corporate financing for a Unilube refining plant for recycling used oil in Saudi Arabia
Other Finance and Investment
- Raytheon Corp. – $1.1 billion financing from the U.S. Export-Import Bank for the SIVAM environmental monitoring project in Brazil
- Nordam Corp. – U.S. Export-Import Bank commercial and political risk insurance for a $100 million sale to a Brazilian aircraft manufacturer
- Preussag Stahl AG and Ferralloy Steel North America – $50 million stock purchase agreement with a German steel producer, together with technology transfer and export marketing agreements
Publications, Speeches and Presentations
- "LNG Trading - Finding the Right Legal Approach to Match Your Strategy,” CERAWeek, Houston, February 11, 2009
- Floating Liquefaction: Legal Issues in Developing and Structuring an FLNG Project,” CWC World LNG Conference, Barcelona, December 2008
- Co-Chair, 5th Annual Law of LNG Conference, Houston, September 2008
- “Global Convergence of Terms for the Sale and Purchase of LNG,” GasTech Conference, Bangkok, March 10-13, 2008
- "LNG Master Sales Agreements (MSAs) and Their Value in a Destination-Flexible LNG Market," Contract Risk Management Master Class, CWC LNG Conference, Barcelona, December 2008
- “Innovation in LNG Supply Contracts and Offtake Strategies,” CWC LNG Conference, Rome, December 2007
- "Smoothing the Ride: Anticipating Gas Price Volatility in Long-Term LNG Sale and Purchase Agreements," Energy Risk Magazine's 11th Annual Energy Risk USA, Houston, May 2007
- "Price Volatility: Easing the Ride," Fundamentals of the Global LNG Industry 2007, a supplement to Petroleum Economist, April 2007 (Jason Bennett, co-author)
- "Negotiating Financeable Sales and Purchase Agreements for LNG" and "Destination Flexible SPAs: Realizing the Benefits of Globally Traded Gas," CWC Conference and Workshops, San Antonio, March 2007
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