Christopher Peponis is a partner in the Energy, Infrastructure, Project and Asset Finance group in the Firm's Houston office. His practice focuses on energy project development and transactions, including liquefied natural gas (LNG), gas-to-power, small-scale LNG, gas pipelines, biodiesel, petrochemicals, natural gas liquids (NGLs), hydrogen, renewable power generation and shipping.
Prior to joining White & Case, Chris worked as a Catalytic Cracking and Hydrofluoric Acid Alkylation Process Engineer, commodity trader and in-house counsel for Shell, in Australia, Canada, Europe and the US. Since joining White & Case, Chris has continued to support clients at various stages of energy project development, with a particular focus on energy transition, gas and renewable energy projects. Chris has extensive global LNG and maritime experience, having advised on both green-field and brown-field LNG liquefaction projects, floating liquefaction, onshore and offshore (FSU and FSRU) regasification terminals, as well as small-scale LNG and LNG-to-power projects.
Ongoing representation of a project sponsor on the drafting and negotiation of all material project documents for a proposed gas-to-gasoline plant, including feedstock supply, pipeline precedent and transportation agreements, product offtake agreements (including Hydrogen and LCFS hydrocarbons), and utilities arrangements (including power purchase agreements).
Ongoing representation of an investment bank backed portfolio company on the negotiation and structuring of its investments into LNG-to-Power projects across Asia, Europe and the Americas, as well as the drafting and negotiation of all material project documents.
Ongoing representation of NextDecade in the development and financing of the Rio Grande LNG Project, in the Port of Brownsville, Texas, which at full scale, will be capable of producing 27 million metric tonnes of LNG for export to markets around the world.
Representation of Vitol Inc. in connection with LNG master services agreements and LNG SPAs, including the liquefied natural gas sales and purchase agreement with Tellurian Inc. for three million tonnes per annum on a free on board basis at Driftwood LNG for a 10 year term, indexed to a combination of two indices: the Japan Korea Marker and the Dutch Title Transfer Facility, each netted back for transportation charges. The agreement is valued at approximately US$12 billion in revenue over 10 years.
Representation of AlphaStruxure, a joint venture between Schneider Electric and Carlyle Group, in its Integrated Fleet Electrification Infrastructure Project, a first-of-its-kind Energy as a Service (EaaS) fleet electrification project, to Support Montgomery County, Maryland's Growing Electric Bus Fleet. The joint venture will enable at least 44 buses in Ride On, Montgomery County Transit's fleet, to transition from diesel to electric.
Representation of Chevron (formerly Noble Energy) in a major gas monetization project in Equatorial Guinea involving the negotiation of gas processing and LNG tolling agreements, LNG marketing arrangements, agreements with the Government of Equatorial Guinea, and upstream agreements covering the development and transportation of gas to the gas processing and LNG plants.
Representation of Triten Energy Partners LLC, an energy and oil company in Houston specializing in renewable/LCFS producing downstream infrastructure projects, in securing a US$150 million equity commitment from Tailwater Capital LLC, an energy-focused private equity firm based in Dallas, Texas.
Representation of Invenergy and its project subsidiary Energia del Pacifico (EDP) on the development and project financing of the 378 MW LNG-to-power infrastructure project at the Port of Acajutla in the Department of Sonsonate in El Salvador which includes a thermal power plant. The 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 GreenStruxure, a joint venture of Schneider Electric and Huck Capital, on developing a strategic partnership with ClearGen, a Blackstone portfolio company, whereby ClearGen will provide US$500 million in long-term capital to GreenStruxure to develop, operate, and maintain on-site renewable energy microgrid systems.
Representation of FortisBC in the drafting of tolling and offtake arrangements for its proposed expansion of the Tilbury LNG Facility in Richmond, British Columbia, Canada. The project will include the construction of a new storage tank that can hold up to 142,400 cubic metres of LNG, which would more than double the facility’s current storage capacity, as well as a new liquefaction train(s) with capacity of up to 2.5 million tonnes per year to produce LNG for marine fuelling or overseas export.