Project Finance International: Americas Deal of the Year, Freeport LNG

FOR IMMEDIATE RELEASE

Norman M. Powell, on behalf of Young Conaway Stargatt & Taylor LLP, acted as Delaware counsel on the Freeport LNG (Liquefied Natural Gas) transaction. Freeport LNG owns and operates a 2bn cubic feet per day LNG regasification facility in Freeport, Texas. Freeport LNG aims to develop one of the world’s largest natural gas liquefaction and export facilities. The US$11bn LNG transaction was deemed the most significant deal in 2014 project finance based on not only its size but the “first-of-its kind contractual structure in the LNG industry utilizing liquefaction tolling agreements.”