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Energy - Gas to Power

Vinson & Elkins’ gas-to-power (GTP) practice is enhanced through our extensive experience in the development and financing of LNG liquefaction projects, LNG regasification facilities, FSRUs and power generation and transmission projects. Our project finance experience with projects involving multilateral financing institutions, development banks and export credit agencies is directly relevant to GTP projects located throughout the world. GTP clients rely on V&E’s industry insight and legal knowledge to successfully complete GTP projects and transactions.

V&E most frequently advises the following parties on GTP matters:

  • Developers, sponsors and borrowers
  • Equity investors, including infrastructure funds
  • Lenders, including multilateral finance institutions, export credit agencies and commercial banks
  • LNG suppliers
  • LNG purchasers
  • Power offtakers

Experience Highlights

  • The sponsors and borrowers, affiliates of The AES Corporation and Inversiones Bahía, in the project financing of the Colón LNG-to-power project, expected to be the largest combined-cycle power generation facility and first LNG import terminal to be built in Panama (Selected as Latin America Power Deal of the Year, Infrastructure Journal, 2016)

  • Project developer regarding all aspects of the development of multiple small-scale LNG export projects. Areas of representation include obtaining DOE export authorization, environmental review, EPC contract negotiation, natural gas and LNG purchase and sale agreements and project financing

  • Energy and infrastructure funds in connection with mezzanine financing to a private equity sponsor to support a series of acquisitions and corporate restructurings of a portfolio of landfill gas-to-energy facilities in the United States

  • Lender in connection with mezzanine financing to support the acquisition by Clean Energy Renewable Fuels, LLC of interests in two landfill gas projects that supply gas to the power generation and vehicle fuel markets

  • Wayzata Investment Partners in the sale by Castleton Energy Center, a Wayzata portfolio company, of its 72 megawatt natural gas- and oil-fired electric generating facility in Castleton-on-Hudson, New York to Fortistar