Chris J. Peponis

The Haisla Nation and Pembina Pipeline Corporation (Pembina) (TSX: PPL; NYSE: PBA), partners in Cedar LNG Partners LP (Cedar LNG), announced a positive final investment decision on the Cedar LNG Project, a floating liquefied natural gas (LNG) facility with a nameplate capacity of 3.3 million tonnes per annum, located in the traditional territory of the Haisla Nation, on Canada’s West Coast (the Project). The Project is strategically positioned to leverage Canada’s abundant natural gas supply and deliver a lower-carbon energy option to global markets. The facility will be powered by renewable electricity from BC Hydro, making it one of the lowest emitting LNG facilities in the world. Latham & Watkins LLP represented Cedar LNG in the transaction with a team led by Los Angeles partner Jeff Greenberg, New York partner Hamad Al-Hoshan, and Houston partner Chris Peponis, with associates Meredith Strike, Dominika Kovacicova, and Victoria Gross.~~

Jun 26

1 min

MidOcean Energy (MidOcean), an LNG company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, has announced that it has entered into a definitive agreement with SK Earthon (SK) to acquire SK’s 20 percent interest in Peru LNG (PLNG). PLNG owns and operates the first LNG export plant in South America, located in Pampa Melchorita, 170km south of Lima, Peru. PLNG’s assets comprise a natural gas liquefaction plant with 4.45 mmtpa processing capacity, a fully-owned 408km-long pipeline with 1,290 mmcf/d capacity, two 130,000 m3 storage tanks, a fully-owned 1.4 km-long marine terminal and a truck loading facility with capacity of up to 19.2 mmcf/d. PLNG is operated by Hunt Oil Company and is one of only two LNG production facilities in Latin America. Latham & Watkins LLP represents MidOcean in the transaction with an M&A team led by partners Charlie Carpenter and Justin T. Stolte, with associates Greg Sorensen, Carlyle Reid, Melanie von Staa Toledo, Caroline Silverstein, and Mark Goshgarian. Advice was also provided on tax matters by partners Tim Fenn and Jared Grimley, with associate Christina McLeod, and on project development matters by partner Chris Peponis and counsel Brian Hintze, with associates Ikechukwu Obioma and Jeffrey Romano.~~

Feb 8

1 min

ExxonMobil has announced an agreement with Air Liquide to support the production of low-carbon hydrogen and low-carbon ammonia at ExxonMobil’s Baytown, Texas facility. The planned hydrogen production facility will be the world’s largest, expected to produce one billion cubic feet of low-carbon hydrogen daily and more than one million tons of ammonia annually while capturing more than 98% of associated CO2 emissions. Latham & Watkins LLP advised ExxonMobil in the transaction with a Houston-based deal team led by partners Chris Peponis and Justin T. Stolte, with associates Shawn Beloin and Jeffrey Romano. Advice was provided on tax matters by Houston partner Jim Cole; and on environmental matters by Orange County partner Josh Bledsoe.~~

Jul 3

1 min

Golar LNG Ltd. (Golar) has entered into definitive agreements with Pan American Energy (PAE) for a 20-year deployment of a Floating Liquefied Natural Gas (FLNG) vessel in Argentina. The FLNG project will monetize Argentine gas, tapping into the vast resources from the Vaca Muerta shale formation in the Neuquina Basin, the world's second-largest shale gas resources. The project is expected to start LNG exports within 2027, establishing Argentina as an LNG exporter. This strategic venture is built on a robust commercial foundation, featuring: (i) a Gas Sales Agreement from PAE for the supply of gas; and (ii) an FLNG charter agreement with Golar which includes a base tariff and commodity exposure to LNG sales prices. As part of the agreements, Golar will hold a 10% stake in Southern Energy S.A., a dedicated joint venture with PAE, responsible for the purchase of domestic natural gas, operations, and sale and marketing of LNG volumes from Argentina. Latham & Watkins LLP represents Golar LNG in the transaction with a multi-jurisdictional team led by partner Chris Peponis, with support from partner Guido Liniado, and associates Salvador Jose, Taylor López, Chidi Onyeche, and Andres Chester.* *Only Admitted to Practice in Argentina.~~

Jul 8

1 min