Carlos Ramón Díaz Sordo

Associate, Houston

Biography

Overview

Carlos is an associate in the Project Development and Finance Practice in the Firm's Houston office. He represents clients in complex domestic and international projects and commercial transactions, including project development and construction, joint ventures and investments, and commercial contracts for energy and energy transition projects, including upstream oil & gas (both onshore and offshore), LNG, power, mining, hydrogen, renewable energy and chemicals.

Bars and Courts
Texas State Bar
Authorized to practice law in Mexico
Education
LLM (Energy, Environment and Natural Resources)
University of Houston
Attorney at Law (Abogado)
Universidad Iberoamericana
Languages
Spanish
English

Experience

Representation of a global mining company in an ongoing joint venture for an iron ore project in Brazil.

Representation of Chevron with the negotiation of a cross- border unitization project in West Africa.

Representation of EIG in connection with its equity investment in HIF Global LLC, a hydrogen eFuel and renewable energy producer with development projects in Chile, the United States, and Australia, together with associated financing and corporate matters. The equity investment transaction was named "Latin America Energy Transition Acquisition of Year" by IJ Investor 2023.

Representation of the sponsor on the development and sale of the 168 MW Fenicias wind farm in Mexico to a subsidiary of Grupo México.

Representation of Sempra Energy, one of North America's leading energy infrastructure companies, in its US$3.37 billion sale to KKR of a non-controlling, 20 percent interest in Sempra Energy's new business platform, Sempra Infrastructure Partners, which integrates Sempra LNG, a leading developer of liquefied natural gas export infrastructure with IEnova (Infraestructura Energetica Nova, S.A.B. de C.V.), one of the largest private energy companies in Mexico. The transaction values Sempra Infrastructure Partners at approximately US$25.2 billion, including expected asset-related debt at closing of US$8.37 billion.

Representation of Macquarie Infrastructure Corp. (NYSE: MIC) and its related entities in the US$4.475 billion sale of its Atlantic Aviation business to a special purpose entity of Kohlberg Kravis Roberts & Co. L.P.

Representation of Invenergy and its project subsidiary Energía del Pacifico (EDP) on the groundbreaking development and project financing of the 378 MW LNG-to-power infrastructure project at the Port of Acajutla in El Salvador. The project will require an investment of approximately US$1 billion and will be the largest foreign direct investment in El Salvador to date.

Representation of Promigas S.P.A ESP (Buyer) in the sourcing of liquefied natural gas (LNG) for subsequent sales in the Colombian natural gas market. Buyer issued a tender to acquire LNG from various international sources to be delivered at a Terminal located in Colombia consisting of a floating storage and regasification unit (FSRU) permanently moored through a modified spread mooring system for liquefied natural gas (LNG) delivery, storage and regasification. The foregoing advice included a review of LNG SPAs from various sellers responding to the tender, legal diligence and comparison of upsides and downsides included in each such proposed agreement.

Representation of Jefferies Financial Group in a potential bond offering for the SINOLAM LNG-to-Power Project located in Panama. The project involves a power plant interconnected to an onshore regasification terminal which is itself interconnected to a floating storage unit (FSU). Our advice included diligencing all project documents (Time Charterparty for the FSU, LNG Sale and Purchase Agreements, Power Purchase Agreements, Engineering, Procurement and Construction Contracts, Interconnection Agreements, Natural Gas Transport Agreements, Buyback Agreements), and drafting the offering memorandum.

Representation of Arroyo Energy Investment Partners on its acquisition of Gasmar S.A from Empresas Gasco S.A. and Abastible S.A. (a wholly owned subsidiary of Empresas Copec S.A.). Gasmar S.A., a Chilean company, owns and operates the largest LPG terminal on the Pacific Coast of South America.

Representation of Novus Chemicals, a leading maker of methionine for agricultural purposes, in connection with various commercial contracts, joint venture arrangements, supply chain analysis, strategic corporate initiatives, O&M contracts, feedstock and offtake arrangements.

Representation of a large trader in the development, operation and downstream business involving a pipeline connecting the Gulf of Mexico with the central valley near Mexico City and distribution business related thereto.

Representation of a chemical firm for the engineering, procurement, construction of a new Methionine facility with an instantaneous capacity of 15,875 kilograms/hour of Methionine located in Calhoun County, Texas.

Representation of a large international oil company in the financing, construction and purchase of an FPSO to be used in a new development in Latin America.

Representation of a Central American conglomerate in an ICC arbitration concerning a hydroelectric project in Guatemala.

Representation of the Peruvian subsidiary of a Colombian power company in an ICC arbitration regarding a natural gas distribution pipeline in Peru.