Shearman And Sterling

News March 11, 2021

Acajutla Floating Storage Regasification Unit Project Financing

Shearman & Sterling advised FSRU, Ltda. de C.V. and FSRU Development Pte. Ltd. (as borrowers) in connection with a limited recourse project financing provided by the Inter-American Investment Corporation in respect of the acquisition, development, conversion and operation of a floating storage and regasification unit (FSRU). The FSRU will be moored at the port of Acajutla, El Salvador and provide liquified natural gas (LNG) regasification services to a 378-megawatt natural gas-fired power plant owned by Energía del Pacífico, Ltda. de C.V. The FSRU will be the first regasification vessel deployed off the coast of El Salvador.

The Shearman & Sterling team below was supported by visiting attorney Camila de Lasa.

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