Practice Experience
Jason Kerr is a partner in the Energy, Infrastructure and Project Finance Group in London. He has substantial experience advising commercial banks, multilateral lending agencies, export credit agencies, sponsors and developers in project and international finance.
Jason's practice has primarily focused on project, receivables and trade-related financings in the emerging markets of Central Europe, the Middle East, Africa and Asia. He has been involved in a wide range of projects in various sectors including oil and gas, power and infrastructure.
Representative transactions include:
- Representation of Nord Stream AG in connection with Phase 1 and Phase 2 of the €9bn Nord Stream gas pipeline project connecting the Russian and European gas grids which raised €6.5bn of debt in the international project finance market (supported by Hermes, Sace and UFK);
- Representation of JBIC and the international commercial banks in connection with the US$20 billion project financing of the Sakhalin II (Phase 2) integrated oil & gas and LNG Project in Russia;
- Representation of EnerjiSA Enerji Üretim A.S. in connection with the development of up to 5 GW of merchant power assets in Turkey (including hydro, CCGT, wind and lignite), which has raised €1.9 billion of project debt to date through a portfolio financing framework funded by the international and domestic syndicated bank markets including IFC and EIB;
- Representation of the lead sponsor, ADWEA, in connection with the project financing of Abu Dhabi's IWPP projects including the Shuweihat S2, Fujairah, Taweelah and Umm Al Nar IWPP projects;
- Structuring and drafting the pre-export finance programme for Gazprom utilising international gas sales contracts as collateral raising in excess of US$8.5 billion;
- Representation of the arranging banks in the reserve base financing of a stake in the Chinguetti oil filed offshore Mauritania, Mauritania's first international project finance;
- Representation of the arranging banks in the project financing of a hotel in Tripoli, Libya's first international project financing;
- Representation of the arranging banks in the project financing of the US$1 billion Gebze combined cycle gas merchant power plant project in Turkey;
- Representation of the Siemens/STEAG consortium in connection with the project financing (including ECA and IFI covered tranches) on a BO basis of a US$1.45 billion 1210 MW imported coal-fired power plant in Iskenderun, Southern Turkey;
- Representation of the arranging banks and the ECAs in the US$969 million project financing (including ECA covered tranches) of a urea ammonia fertiliser plant in the Sultanate of Oman;
- Representation of the arranging banks in the US$1.2 billion bridge financing and US$3 billion medium term secured financing for Gazprom's Yamal-Europe gas pipeline;
- Representation of the the international and Nigerian arranging banks in the US$1.06 billion project financing (including ECA and IFI covered tranches) of the fourth and fifth trains of NLNG's gas liquefaction complex in Nigeria;
- Representation of a syndicate of Indian banks in the US$660mm project financing of Sanmar's petrochemical complex in Egypt;
- Representation of the arranging banks in the US$765 million crude pre-export financing facility for OAO Lukoil;
- Representation of the arranging banks in a US$100 million reserve based loan facility to an oil junior which owns a number of Russian oil production subsidiaries;
- Structuring and coordinating EBRD's trade facilitation programme in Central Europe.
Bars and Courts
Solicitor of Scotland, 1990
England and Wales, 1993
Solicitor of the High Court of Hong Kong, 1994
Education
University of Aberdeen
Awards and Recognition
Energy and Infrastructure Team of the Year 2011 – The Lawyer
Publications, Speeches and Other Experience
Sweet & Maxwell's Encyclopaedia on Competition Law, chapter on competition in rail transport
Article in P&I International, an international insurance magazine, on the effect of the US Oil Pollution Act 1990
Consultation paper for the Government of the Philippines on the establishment of an International Ship Register in the Philippines
Co-author of the article "Harvest Time for OMIFCO" which appeared in the 2002 July edition of Project Finance International
Co-Author of the article “The Sanmar Success” which appeared in the 2009 May edition of Project Finance International
Chambers Recommendations
Projects & Energy: Africa
Projects & Energy: Europe & Central Asia
"Singled out by clients for 'his experience at the coalface – he can think on his feet and can recognise immediately where the negotiating positions are.'" (Chambers Global 2011)
"Jason Kerr has performed exceptionally well in some of the biggest oil & gas deals in the market." (Chambers Global 2010)
"Impresses clients with 'his unstinting work ethic and complete grasp of the industry's many idiosyncrasies.'" (Chambers Global 2009)
"Jason Kerr is 'good at building consensus.'" (Chambers Global 2008)
"Clients particularly rate his 'ability to combine a business-oriented style with a first-class technical knowledge of energy finance.'" (Chambers Global 2007)
Languages
English
Citizenship
British
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