The Shearman & Sterling team has worked with Golar Power in connection with all aspects of the Porto de Sergipe LNG-to-Power Project since April 2015.
Ocean LNG will supply 1.3 Mtpa of LNG to Celse, on a delivered ex-ship basis, with shipments scheduled to begin in 2020. Upon completion, the 1.5 GW combined cycle power plant will be the largest thermal power station in South America. It will supplement hydropower during dry seasons and help to meet growing regional demand for electricity.
Golar Power is a 50/50 joint venture between Golar LNG Limited and Stonepeak Infrastructure Partners to develop, own and operate integrated LNG-based transportation and downstream solutions including LNG carriers, FSRU and associated terminal and power generation infrastructure.
The Shearman & Sterling team was led by partner Anthony Patten (Singapore-Project Development & Finance) and associate Anthony Lepere (London-Project Development & Finance) and includes partners Iain Elder (London-Project Development & Finance) and Matthew Powell (Abu-Dhabi-Mergers & Acquisitions); and associates Jean-Louis Neves Mandelli, Lachlan Clancy (both Singapore-Project Development & Finance), Colm OhUiggin, Charlotte Hawkins, Bilyana Belcheva (all London-Project Development & Finance) and Nick Withers (London-Mergers & Acquisitions).