News Releases

Baker Botts Represents Sempra Infrastructure on Port Arthur LNG Phase 1 Project

Release

Deal description: Sempra (NYSE: SRE) (BMV: SRE) announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, LP (Sempra Infrastructure), reached a positive final investment decision (FID) for the development, construction, and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. The project will provide liquefied natural gas (LNG) for delivery to Europe and other parts of the world and reflects a significant expansion of U.S. LNG sources to supply global markets.

Sempra Infrastructure closed its joint venture with an affiliate of ConocoPhillips (NYSE: COP), as well as announced an agreement to sell an indirect, non-controlling interest in the project to an infrastructure fund managed by KKR. Additionally, Sempra Infrastructure announced the closing of the project's $6.8 billion non-recourse debt financing and the issuance of the final notice to proceed under the project's engineering, procurement and construction agreement.

Baker Botts represented Sempra Infrastructure in the development of the project, the marketing of LNG, and the joint venture with ConocoPhillips.

Sempra’s press release can be found here.

Baker Botts Lawyers/Offices Involved:

Global Projects: Jason Bennett (Partner, Houston), Julie Mayo (Partner, Houston), Matt Fusina (Partner, Washington, D.C.), Tom Holmberg (Partner, Washington, D.C.), Rob Butler (Partner, London), Scott Looper (Partner, Houston), Taylor Lopez (Senior Associate, Houston), Kyle Doherty (Senior Associate, Houston), Arsalan Eftekhar (Associate, Houston), Ahmed Alrikhaimi (Associate, Houston), Abigail Alm-Pandeya (Associate, New York), Andrew Crayden (Associate, Houston), Sean O’Neill (Associate, Washington, D.C.)

Corporate: Natasha Khan (Partner, Houston), Grant Everett (Partner, Dallas), Natasha Gandhi (Senior Associate, Dallas)

Intellectual Property: Michael Hawes (Partner, Houston), Paul Morico (Partner, Houston)

Real Estate: Dan Kruger (Partner, Washington, D.C.), Chris Wilson (Partner, Houston), Colleen Sitton (Associate, Austin)

Environmental: Derek McDonald (Partner, Austin), Paulina Williams (Partner, Austin), Stephanie Bergeron Perdue (Partner, Austin), Shannon Glenn (Associate, Austin), Katie Windle (Associate, Austin)

Antitrust: Paul Lugard (Partner, Brussels), Adam Dawson (Partner, Brussels), Michael Bodosky (Special Counsel, Washington, D.C.), Roxane Tonnelier (Senior Associate, Brussels)

Tax: Jon Lobb (Partner, Houston), Michael Bresson (Partner, Houston), Matthew Larsen (Partner, Dallas), Renn Neilson (Partner, Houston), Jared Meier (Senior Associate, Houston), Bucky Brannen (Senior Associate, Dallas)

Finance: John Papaspanos (Partner, New York), Lyman Paden (Special Counsel, Houston)

International Trade: Paul Luther (Partner, Washington, D.C.)

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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