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News Nov 17, 2015

Shearman & Sterling Advises Sponsors on $1.2 Billion Financing of Two Gas Pipeline Projects in Texas

Shearman & Sterling advised Energy Transfer Partners, MasTec and Carso Energy, as sponsors, in connection with the $1.2 billion project financing related to the development and construction of the Waha-San Elizario and Waha-Presidio natural gas pipeline projects to carry gas for Mexico’s National Electricity Commission (CFE).

The Waha-San Elizario pipeline is an approximately 195 mile pipeline from the Waha basin in Texas to the US/Mexico border at San Elizario, Texas, and the Waha-Presidio pipeline is approximately a 148 mile pipeline from the Waha production basin in West Texas to the US/Mexico border at Presidio, Texas.

The Shearman & Sterling team included partners Gregory Tan (New York-Project Development & Finance), Azam Aziz (New York-Investment Funds), Douglas McFadyen (New York-Tax), Malcolm Montgomery (New York-Real Estate), and Paula Anderson (New York-Litigation); counsel Donna Bobbish (Washington, DC-Project Development & Finance), Sharon Lippett (New York-Compensation, Governance & ERISA), and Jeff Salinger (New York-Real Estate); associates Augusto Ruiloba (New York-Project Development & Finance), Monica Li (New York-Project Development & Finance), and Christian Pugaczewski (New York-Investment Funds); and visiting attorney Lili Abascal (New York-Project Development & Finance).