Deal description: Sempra (NYSE: SRE) (BMV: SRE) announced that its subsidiary, Sempra Infrastructure, and ConocoPhillips (NYSE: COP) have executed a 20-year Sale and Purchase Agreement (SPA) for 5 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from Phase 1 of the proposed Port Arthur LNG project under development in Jefferson County, Texas.
The parties have also entered into an equity sale and purchase agreement whereby ConocoPhillips will acquire 30% of the equity in Phase 1 of Port Arthur LNG, and a natural gas supply management agreement whereby ConocoPhillips will manage the feedgas supply requirements for Phase 1 of the proposed liquefaction facility.
Baker Botts represents Sempra in all aspects of the development of the Port Arthur LNG project, including advising on all agreements with ConocoPhillips.
Sempra’s press release can be found here.
Baker Botts Lawyers/Offices Involved:
LNG Project Development and Joint Ventures: Jason Bennett (Partner, Houston), Natasha Khan (Partner, Houston), Julie Mayo (Partner, Houston), Matt Fusina (Partner, Washington, D.C.), Thomas Holmberg (Partner, Washington, D.C.), Scott Looper (Partner, Houston), Rob Butler (Partner, London), Grant Everett (Partner, Dallas), Natasha Gandhi (Senior Associate, Dallas), Kyle Doherty (Senior Associate, Houston), John Papaspanos (Senior Associate, New York), Taylor Lopez (Associate, Houston), Ahmed Alrikhaimi (Associate, Houston), Arsalan Eftekhar (Associate, Houston), Megan Lawhorne (Associate, Washington, D.C.), Abigail Alm-Pandeya (Associate, New York), Sean O’Neill (Associate, Washington, D.C.), Inaya Homoud (Associate, London)
Energy Regulatory: Emil Barth (Partner, Washington, D.C.)
Antitrust: Joseph Ostoyich (Partner, Washington, D.C.), Paul Lugard (Partner, Brussels)
Tax: Michael Bresson (Partner, Houston), Jon Lobb (Partner, Houston)
Intellectual Property: Michael Hawes (Partner, Houston)
Environmental: Derek McDonald (Partner, Austin)
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