White & Case Advises on Project Financing of ANOH Gas Project in Drive Towards Energy Transition in Nigeria
2 min read
Global law firm White & Case LLP has advised ANOH Gas Processing Company Limited, a gas processing company established by SEPLAT Petroleum Development Company Plc and the Nigerian Gas Company, a wholly owned subsidiary of the Nigerian National Petroleum Corporation (NNPC), on the project financing of the ANOH gas project, a 300MMscfd gas processing plant and ancillary facilities in Nigeria.
"This project is the first stand-alone midstream incorporated joint venture gas business between NNPC and a company in the private sector and is a key milestone in Nigeria's economic diversification. It supports the government's drive to increase gas supply to the domestic market and is set to transform the domestic energy landscape in Nigeria," said White & Case partner Jason Kerr, who led the Firm's deal team. "White & Case have a track record of working on some of Nigeria's most important deals for over 36 years. We have long established relationships in Nigeria and clients know we can deliver for them on their most strategic projects."
The US$650 million project which has been project financed by international and Nigerian bank syndicates will monetize a significant portion of the ANOH field natural gas resources. Gas from the project will support the provision of the much-needed supply of power to millions of homes and businesses across Nigeria to facilitate better standards of living and drive economic industrialization and growth. The ANOH gas project will also drive the growth of Liquefied Petroleum Gas (LPG) as an alternative to unclean fuels like firewood, charcoal and kerosene.
The ANOH gas plant project is premier amongst the seven Critical Gas Development Projects initiative led by the Ministry of Petroleum and the NNPC to drive the next phase of growth for the gas industry.
The White & Case team in London that advised on the transaction included partners Jason Kerr and Mukund Dhar, counsel Gabriel Onagoruwa, Chris Duncan and Tallat Hussain and associates Judith Olloh, Henry Brendon and Paddy Mohen.
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