K&S on deal between Pan American Energy and Golar
King & Spalding has advised Pan American Energy (PAE) on the signing of definitive agreements with Golar for the 20-year deployment of a floating liquefied natural gas (FLNG) vessel in Argentina.
The contract included a bareboat charter agreement and a gas sales agreement for the supply of feed gas to the FLNG project by PAE. The project is expected to start exporting LNG in 2027, with a planned production capacity of 2.45 million tonnes per annum.
As part of the agreements, Golar will hold a 10% stake in Southern Energy, a dedicated joint venture with PAE, responsible for domestic natural gas procurement, operations, and sales and marketing of LNG volumes from Argentina.
This initiative is expected to be the first phase of a potential multi-vessel project and it is anticipated that other major natural gas producers in Argentina will join.
Marval, O’Farrell & Mairal provided advice to Golar on the structuring and implementation of the necessary agreements for the development of a natural gas liquefaction project produced in Argentina, destined for the export market.
Marval’s team was led by partners Soledad Riera and Francisco Macías, along with partners María Inés Brandt and Barbara Ramperti. Also participating were partners Juan Pablo Rothschild, Elías Bestani, Francisco Abeal and Gonzalo Santamaria, as well as associates Luciana Virgile, Juan Martín Sanz, and Agustina Giordano.
Latham & Watkins represented Golar through a multi-jurisdictional team led by partner Chris Peponis, with support from partner Guido Liniado, and associates Salvador Jose, Taylor López, Chidi Onyeche, and Andres Chester.
King & Spalding’s team consisted of partner David Lang (pictured), and associates Ted Landray and Erin Horan Mendez.
