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Xue Wang

Partner

Tokyo

Wang Xue
Xue Wang

Partner

Tokyo

Xue has a wide range of experience acting for sponsors, financial institutions, export credit agencies and policy banks in relation to energy and infrastructure projects globally on all aspects of project development, including commercial contract negotiations and project financing. Xue has deep experience in the LNG sector and power sectors (including conventional and renewable power). In addition, Xue has extensive experience working with Chinese companies, financial institutions and policy banks in relation to Belt and Road Initiative projects across sectors and geographies.

LNG

  • The Export Credit Agencies and lenders on the development and financing of the USD10bn Coral FLNG project to be moored in the Area 4 Coral South Offshore Basin, Mozambique. The first-ever project financing of a floating LNG vessel (FLNG), the first LNG project Mozambique and the USD5bn financing was the largest project financing in African history at the time. Midstream Oil & Gas Deal of the Year, IJ Global 2018. ECA-Backed Energy Deal of the Year, TXF 2018.
  • PT Donggi-Senoro LNG (Mitsubishi, Korea Gas Corporation, Pertamina and PT Medco Energy /The Sponsors) on the Donggi-Senoro LNG project in Central Sulawesi, Indonesia.
  • The lenders on the financing of a participating interest in LNG Canada.
  • Subsidiaries of the sponsors, Inpex and Total in relation to ongoing matters on the financing of the USD34bn Ichthys LNG project (an integrated mega-project) in Australia. The ECAs include JBIC, NEXI, KEXIM, K-SURE, COFACE, HERMES, ATRADIUS and EFIC and 24 commercial banks.
  • The sponsors on all aspects of the development and financing of an LNG to power project in Myanmar employing and FSRU.

Other Oil & Gas and natural resources

  • CPIIM in relation to a world scale bauxite mining convention in Guinea.
  • TOTAL and CPI on the project financing of a coal-to-olefins project in inner Mongolia, PRC.
  • Gazprom on the South Stream pipeline project.

Power

  • China Three Gorges International Corporation, the major Chinese state-owned power company, as sponsor in the financing of the planned 1,100-MW Kohala hydropower project in Pakistan. This is CTGIC's largest investment in the growing Pakistani hydropower market.
  • Lenders in relation to the DEWA IV CSP Project in Dubai, UAE.
  • Potential bidders for stakes in various Taiwanese offshore wind projects.
  • Sponsors on the development of a 150MW wind farm in Taza Morocco financed by JBIC, NEXI-covered commercial lenders and local lenders.
  • JBIC and the commercial lenders in relation to various matters relating to their financing of the pipeline and power assets in Mexico for Project Jericho
  • the Rabigh Independent Power Project, a heavy fuel oil power plant based in the Kingdom of Saudi Arabia, the first power plant to developed by the Saudi Electric Company;
  • a bid for the PP11 Independent Power Project, a gas-fired power plant based in the Kingdom of Saudi Arabia developed by SEC;
  • the Qurayyah Independent Power Project, a gas-fired power plant based in the Kingdom of Saudi Arabia developed by SEC;
  • the Fennovoima nuclear power project, based in Finland, acting for the Finnish government;
  • the Visaginas nuclear power project, based in Lithuania, acting for Hitachi-GE as bidder;
  • a bridge financing for AES Solar in relation to the purchase of photovoltaic cells;
  • the refinancing of various Fred Olsen wind farm projects;
  • the Dhahran Area District Cooling Project, a district cooling plant based in the Kingdom of Saudi Arabia.

Infrastructure

  • Lekki Port LFTZ Enterprise Limited (LPLEL) on its USD629 million loan from China Development Bank in relation to the financing, the construction and the sub-concession arrangements for the first major part of Lekki deep sea port in Lagos State, Nigeria.
  • China Harbour Engineering Co. Ltd (CHEC) in connection with the Primera Línea del Metro de Bogotá – Tramo I PPP project.
  • ECA-backed lenders and DFIs in relation to the financing of O3b, a constellation of 8 MEO satellites aimed at providing internet access to large parts of Africa;
  • YahSat, a USD 1.807 billion project for the development, construction, launch, operation and maintenance of two dual-use communications satellites for both commercial and military use in the UAE; and
  • Celtel Nigeria, a Nigerian telecommunications company, in relation to a bridge financing provided by Nigerian and international banks.
  • Lenders and equity investors in relation to the financing of the acquisition of Kofinaf, a Kenyan company specialised in the acquisition and development of agricultural land in Kenya; and
  • Renaissance capital in relation to its investment in the acquisition of land near Accra, Ghana for a commercial development.

News & insights

Zoomed image of a glass window on a modern building

News: 14 OCTOBER 2021

A&O advises on c.EUR2.75 billion loan and high yield financing for Brookfield’s acquisition of Modulaire

Allen & Overy’s leveraged finance team has advised Brookfield Business Partners (Brookfield) on a c.EUR2.75 billion loan and high yield financing package comprising a EUR1.26bn sustainability-linked…

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Sun peering behind modern skyscrapers on the skyline

Publications: 13 OCTOBER 2021

Restructuring, liquidation and solvent dissolution options in Australia

Australia has a well-developed and comprehensive legal framework for the restructuring, insolvent liquidation or solvent dissolution of Australian companies – both solvent and insolvent.  A number of…

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A been sitting on a flower in a field

Publications: 12 OCTOBER 2021

Sustainability-linked loans in Russia: a hot market

When it comes to sustainable lending, the Russian loan market is punching above its weight. Many of Russia’s leading corporates have raised ESG or sustainability-linked loans (in some cases, multiple…

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Power plant

Publications: 13 MAY 2020

LNG market outlook and Covid-19 coronavirus

The onset of an oil price war has already led to a significant drop in the oil price and is expected to lead to further volatility in the oil price in the short to medium term. The combination of the…

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Expertise

Practices

Banking and Finance

Office

Tokyo

Allen & Overy Gaikokuho Kyodo Jigyo Horitsu Jimusho
38F Roppongi Hills Mori Tower, 6-10-1 Roppongi, Minato-ku
Tokyo
106-6138

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Qualifications

Professional

Admitted as solicitor, England and Wales, 2009

Registered Foreign Lawyer (England & Wales), Japan, 2015 (Tokyo Bar Association)

Academic

MA, Business Studies & Economics, University of Edinburgh, 2004

MA (Hons), University of Edinburgh, 2004

GDL, 2005

LPC, BPP Law School, 2006

Experience highlights

Recognition