White & Case advises the co-investors on US$7 billion investment in Port Arthur LNG Phase 2

Global law firm White & Case LLP has advised the co-investors in a Blackstone Credit & Insurance (BXCI) led investor consortium on a US$7 billion investment in Sempra Infrastructure Partners' Port Arthur LNG Phase 2. Funds managed by BXCI, together with KKR, Apollo-managed funds and Private Credit at Goldman Sachs Alternatives, acquired a 49.9 percent minority equity interest in the project.

The investment will advance the development, construction and operation of the Port Arthur LNG Phase 2. The new phase will include two natural gas liquefaction trains, one LNG storage tank and associated facilities with a nameplate capacity of approximately 13 million tonnes per annum (Mtpa) of US-produced LNG to help produce reliable energy to global markets.

The White & Case team was led by Project Development and Finance partner Nadav Klugman (Chicago), Debt Finance partner Kerrick Seay, Capital Markets partner Andrew Weisberg and M&A partner Adam Cieply (all in New York). The team also included partners Jamie Franklin, Patrick Johnson, David Strickland and Michael Yates (all in Houston) and Yan Ng (New York); associates Chisom Amanchukwu, Caroline McDonald, Jack Moxon, David Murray (all in Houston), Mazin Elhag, Dilara Erik, Ian Hua, Alexis Ko (all in New York), Gahyun Kim (Seoul) and Annie Serafim (Boston). Law clerks Kade Alexander, Ashley Chana, Renee Concha and Angeles Femenia (all in New York) also assisted on the matter.

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