White & Case Advises Excelerate Energy on Sales and Purchase Agreement with Venture Global LNG
1 min read
Global law firm White & Case LLP has advised Excelerate Energy, Inc. on its entry into a 20-year liquefied natural gas (LNG) sale and purchase agreement with Venture Global LNG.
Under the agreement, Excelerate will purchase 0.7 million tonnes per annum (MTPA) of LNG on a free-on-board (FOB) basis from the Plaquemines LNG facility in Plaquemines Parish, Louisiana, approximately 20 miles south of New Orleans. The agreement is an important part of Excelerate's strategy of building a diversified LNG supply portfolio in order to offer more flexible and cost-effective products to existing and new customers in downstream markets.
Excelerate Energy, Inc. is a US-based LNG company located in The Woodlands, Texas, changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with the objective of delivering rapid-to-market and reliable LNG solutions to customers.
The White & Case team was led by partner Jamie Franklin (Houston) and Thomas Pate (New York), local partner Kristian Bradshaw (Tokyo), and included associates Michael Richter (Tokyo) and Samer Mahjoub (Houston) and international law clerk Angeles Femenia (New York).
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