White & Case Advised Co-Investors On US$7 Billion Investment In Port Arthur LNG Phase 2

White & Case advised co-investors on US$7 billion investment in Port Arthur LNG Phase 2

The global law firm White & Case LLP advised the co-investors in a Blackstone Credit & Insurance (BXCI)-led consortium on a US$7 billion investment in Sempra Infrastructure Partners’ Port Arthur LNG Phase 2. Funds managed by BXCI, together with KKR, Apollo-managed funds, and Private Credit at Goldman Sachs Alternatives, acquired a 49.9% minority equity interest in the project.

The investment will support the development, construction, and operation of Port Arthur LNG Phase 2, which includes two natural gas liquefaction trains, one LNG storage tank, and associated facilities with a nameplate capacity of approximately 13 million tonnes per annum of US-produced LNG to supply global energy markets.

The White & Case team advising on the transaction was led by Nadav Klugman (Partner, Project Development and Finance, Chicago), Kerrick Seay (Partner, Debt Finance, New York), Andrew Weisberg (Partner, Capital Markets, New York), and Adam Cieply (Partner, M&A, New York). The team also included partners Jamie Franklin, Patrick Johnson, David Strickland, Michael Yates (all Houston), Yan Ng (New York); associates Chisom Amanchukwu, Caroline McDonald, Jack Moxon, David Murray (Houston), Mazin Elhag, Dilara Erik, Ian Hua, Alexis Ko (New York), Gahyun Kim (Seoul), Annie Serafim (Boston), and law clerks Kade Alexander, Ashley Chana, Renee Concha, Angeles Femenia (New York).

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