We represented BBVA, Bank of Montreal, Banco Santander, La Caixa and The Royal Bank of Scotland, as arrangers, on the US$756 million project financing for the Canaport LNG terminal, a regasification facility sponsored by Repsol and Irving Oil. The terminal, to be completed by the end of 2008, will be located near Saint John in New Brunswick and will deliver one Bcf per day of regasified LNG to Eastern Canada and New England.

This is a landmark oil and gas transaction for the North American region, being the first new LNG receiving terminal to be constructed on North America’s East Coast in over 30 years, and was awarded "North American Mid-Stream Oil & Gas Deal of the Year 2006" by ProjectFinance magazine. The firm's team was led by partners Cynthia Urda Kassis and Gregory Tan.

“North American Mid-Stream Oil & Gas Deal of the Year” (2006) – ProjectFinance