Christopher Peponis

Counsel, Houston

Biography

Overview

Christopher Peponis is counsel in the Energy, Infrastructure, Project and Asset Finance group in the Firm's Houston office. His practice focuses on structured transactions in the energy industry, including project development, joint ventures and sale and purchase agreements across the upstream, midstream and downstream oil and gas sector. Chris has extensive global LNG and maritime experience, having advised on both green-field and brown-field LNG liquefaction projects, tolling arrangements, regasification terminal use agreements, long-term sale and purchase agreements, as well as small-scale LNG and LNG-to-power projects. Prior to joining the Firm, Chris worked as a Process Engineer, LNG Trader, and In-House Counsel for a major international oil and gas company in Australia, Europe, and North America.

Bars and Courts
Texas State Bar
Supreme Court of Victoria
High Court of Australia
Alberta Bar
Education
Master of Laws
Stanford Law School
Juris Doctor
Sydney University
Bachelor of Chemical Engineering
Sydney University
Languages
English

Experience

Ongoing representation of a project sponsor on the credit facilities and associated agreements for the multibillion-dollar non-recourse financing of its LNG Project located in the US Gulf.

Ongoing representation of a Canadian LNG Company on the expansion of its LNG facility, including drafting and negotiating a liquefaction tolling agreement with a potential offtaker for the full capacity of the expansion.

Ongoing representation of a US based LNG Development Company on a potential equity investment in an West-African LNG project.

Representation of Invenergy and its project subsidiary Energia del Pacifico (EDP) on the development and project financing of the 378 MW liquefied natural gas (LNG)-to-power infrastructure project at the Port of Acajutla in the Department of Sonsonate in El Salvador. In addition to the thermal power plant, project components include a marine terminal, 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, as well as a long-term LNG supply contract for the FSRU. The project also includes a natural gas pipeline that will run from the FSRU to the power plant and the construction of a 44-km, 230-kilovolt transmission line and related substations to connect the power plant to the electrical grid of El Salvador. The project will require an investment of approximately US$1 billion. It will be the largest foreign direct investment in El Salvador to date.

Representation of an incorporated joint venture, evaluating the long-term charter of a floating storage and regasification unit for a project off the east coast of Australia.

Representation of a project sponsor on the commercial structuring of a green-field LNG development in Louisiana, including developing the project's liquefaction tolling agreement and LNG sale and purchase agreements, as well as the sponsor's port liability agreement and vessel scheduling and vetting procedures.

Representation of an independent oil and natural gas exploration and production company on a gas monetization project in Africa, involving back-fill tolling of gas using third party owned LNG infrastructure, associated joint marketing agreements and development of the facility's marine terminal liability agreement.

Representation of a project sponsor on the development of an FSRU LNG-to-power project in Central America, including LNG vessel purchase agreement, bespoke tug charters, LNG supply agreements, FSRU time charter and port conditions of use.

Representation of an international oil major in drafting and negotiating LNG tolling agreements for several US Gulf-Coast LNG Projects.*

Representation of an international oil major regarding amendments to EU regulations on gas pipeline interconnection and LNG terminal reloading tariffs.*

Representation of an international oil major with respect to the LNG supply for a proposed LNG-to-power project development including negotiation of LNG sale and purchase agreements, terminal use agreement and LNG lifting and balancing agreements (for both conventional and small-scale LNG vessels).*

Advising an international oil major with respect to the modification of an existing regasification terminal to facilitate a dedicated small scale LNG jetty and loading arms, including procuring approvals of local port authorities.*

Representation of an incorporated joint venture comprised of both National Oil Companies and International Oil Companies regarding the development of a Canadian green-field LNG development, including drafting and negotiating engineering, procurement & fabrication agreements, tolling agreements, feed gas acquisition and LNG lifting agreements.*

Representation of an international oil major in the preparation and negotiation of numerous joint operating agreements for Australian LNG Projects.*

Representation of an international oil major on the farm-out and sale of its interest in an Australian LNG Project to a foreign National Oil Company.*

 

* Matters prior to joining White & Case.