Liquefied Natural Gas (LNG)
Forecast demand for natural gas in the medium to long term remains strong, driven primarily by population growth and the fact that gas-fired electricity generation is a relatively low carbon alternative to other fossil fuel sources of power generation and is a more flexible form of generation than renewables or nuclear power.
The advent of LNG (Liquefied Natural Gas) has created a global physical market for natural gas, enabling countries with plentiful supplies of gas to liquefy it and ship it by sea to markets that need it. New producing nations are emerging or expanding production through the development of new technology to facilitate production or the advent of shale gas or coal seam gas as a gas source for liquefaction and export. All these factors make this an exciting industry to work in, and one that requires its advisers to have sector–specific knowledge backed up by a global resource capability.
Allen & Overy provides pioneering advice on the entire lifecycle of these projects, from the consenting and planning process, through to the construction, financing, operation, offtake arrangements, and ultimately their refinancing or sale. We are at the forefront of the LNG market, advising project sponsors and debt funders (including banks, bond arrangers, ECAs, DFIs and multilaterals), sellers and acquirers (on M&A transactions) and governments on market leading projects and transactions globally on issues across the entire LNG supply chain, from liquefaction to transportation and shipping through to regasification for onshore and offshore projects (including floating storage and regasification units).
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News and insights
News: 27 March 2024
Allen & Overy advises on the sale of majority stake in GasNet
Allen & Overy is advising Macquarie Asset Management (Macquarie), on behalf of managed funds, on the disposal of its 55.21% indirect interest in GasNet, the Czech Republic’s largest gas distribution…
News: 20 February 2024
Allen & Overy advises Uniper on sale of Hungarian gas fired power plant Gönyű to Veolia
Allen & Overy is advising the international energy company Uniper SE, Düsseldorf ("Uniper") on its sale of 100% of shares in its subsidiary Uniper Hungary Energetikai Kft. ("Uniper Hungary").
News: 08 February 2024
Allen & Overy advises on a EUR650 million bond by Italgas
Italgas S.p.A. has placed a new bond issue, due 8 February 2029, for a nominal amount of EUR650 million intended for institutional investors. Allen & Overy has advised the joint bookrunners on the…
Publications: 18 November 2022
UK sanctions against Russia: the pressure intensifies
The UK Government has introduced two further packages of sanctions against Russia in quick succession.