MLAs Confirmed on US$5.3 Billion Sakhalin II Financing
June 17, 2008, Infrastructure Journal

White & Case advised JBIC and the other commercial lenders, including Bank of Tokyo-- Mitsubishi, BNP Paribas, Credit Suisse, Mizuho and Sumitomo Mitsui Banking Corporation (SMBC) on the $5.3 billion financing for Sakhalin Energy Investment Company’s Sakhalin II project.  The project is the world's largest limited recourse oil and gas financing and the largest foreign investment and project finance deal in Russia to date.

Jason Kerr, a partner in the Energy, Infrastructure and Project Finance Practice at White & Case in London said, "This deal reflects the continued confidence and appetite of the international debt community for well structured energy deals in the Russian market."  Kerr co-led the finance documentation with White & Case London partner Peter Finlay.