David advises clients on all aspects of energy infrastructure and project finance within the oil & gas, power, and related industries. By bringing clarity to highly complex transactions, he enables his clients to benefit from the best possible results.
David's broad domestic and international experience has given him a thorough grasp of the global oil & gas and power markets. He has particularly extensive experience in the UK upstream and energy business and the international gas market, including LNG project financings in various jurisdictions covering Europe, Africa and Asia.
David sits within the Firm's Energy, Infrastructure, Project and Asset Finance Group in London, a market-leading team committed to advising clients on the financing of major projects within the energy industries. He is active in professional circles and is a member of the United Kingdom Energy Lawyers' Group. He is also a member of the International Bar Association and the City of London Law Society.
Centre for Energy, Petroleum & Mineral Law & Policy
Yamal LNG Project in Russia
Advised over 13 lender groups, including several export credit agencies, in connection with the proposed financing of the multibillion Yamal LNG project in Russia.
Brass LNG Project
Advising Brass LNG Limited (Brass), whose shareholders are Total, Eni and NNPC, in the financing of its two-train 10 MMTPA onshore liquefaction plant in Brass Island, Bayelsa State in Nigeria's Central Niger Delta.
Qatargas 2, 3 and 4 LNG Projects
Advising the sponsors, Qatar Petroleum and ConocoPhillips, and Qatar Petroleum and Shell respectively in connection with the financing of the Qatargas 2, 3 and 4 LNG Projects. This involves the integrated development of upstream gas production facilities, three LNG trains and shipping of the LNG to the intended markets in North America and Europe.
Sakhalin II (Phase 2) LNG Project
Advised JBIC and the international commercial banks in connection with the US$20 billion project financing of the Sakhalin II (Phase 2) integrated oil & gas and LNG Project in Russia.
Nabucco Gas Pipeline Project
Advised the lenders on the proposed multibillion dollar Nabucco pipeline project. The pipeline was to link Turkey and Austria – one of the most important gas hubs in Central Europe – via Bulgaria, Romania and Hungary.
Nord Stream Gas Pipeline Project
Advised Nord Stream AG in connection with Phase 1 and Phase 2 of the €9bn Nord Stream gas pipeline project connecting the Russian and European gas grids, which raised €6.5bn of debt in the international project finance market (supported by Hermes, SACE and UFK).
Upstream Oil & Gas Interests
Advising a major national oil company in relation to certain petroleum operations in the Kurdistan region of Iraq and in respect of its proposed acquisition of upstream oil & gas assets in the UK.
Leviathan Gas Project
Advising Noble Energy as operator in the structuring, development and financing of its interest in the Leviathan field.
Iberdrola LNG SPAs
Advising Iberdrola S.A. in connection with LNG sale and purchase agreements (SPAs).
Landsvirkjun Interconnector Project
Advising Landsvirkjun in connection with its proposed landmark multibillion dollar interconnector from Iceland to the UK.
Cernavoda Nuclear Power Project
Advised the project company in all aspects related to the pre-project phase for the development, construction and operation of Cernavoda nuclear power plant units 3 and 4 in Romania.
GMR Infrastructure Limited
Advised GMR Infrastructure Limited in connection with the largest ever acquisition of a global energy utility by an Indian company. Under the deal GMR, which has holdings in energy, airports, highways and urban infrastructure, has agreed to purchase a 50 percent stake in the global power generation company InterGen N.V. for US$1.1 billion.
Advised ESKOM in connection with a range of projects in the power sector, including their flagship multisite baseload IPP program, their cogeneration program (currently 5,000 MW of capacity bid), on their medium term power program (up to 3,000 MW), a multibillion dollar nuclear power plant and a fleet of nuclear plant options.
Leading Lawyer, Chambers UK 2013–2015, Chambers Global 2013–2014
Projects, Energy & Natural Resources – UK
Chambers UK 2014
"David Baker maintains an impressive practice in the field, with significant expertise in petrochemicals and power work."
Chambers UK 2013 and Chambers Global 2013
"David is keenly recommended by sources for his energy expertise… great industry knowledge and is very bright… a team player, a supportive guide and a very good negotiator."