Mayer Brown advises Hartree Partners on LNG sale and purchase agreement with Delfin LNG
Mayer Brown advised Hartree Partners in connection with a 20-year Liquefied Natural Gas (LNG) sale and purchase agreement (SPA) with Delfin LNG LLC.
Under this agreement, Hartree will purchase 0.6 million tonnes per annum (MTPA) of LNG on a Henry Hub-linked price from the Delfin Deepwater Port LNG Export Facility off the coast of Louisiana, USA. Delfin LNG is a brownfield deepwater port expected to consist of four Floating LNG (FLNG) vessels producing up to 13.3 MTPA of LNG. Delfin expects to take Final Investment Decision (FID) on the first FLNG vessel in mid-2023.
“We are delighted to have advised Hartree on this significant long-term supply agreement,” said partner Nick Kouvaritakis, global head of LNG at Mayer Brown. “The Delfin-Hartree LNG SPA marks the fifth signed US LNG SPA our Singapore team advised on over the past 12 months. We are currently advising on a number of other US LNG SPAs under negotiation, so we are very well positioned to assist buyers of LNG from US export projects.”
The Singapore-based team was led by Nick and included partner Sean Prior, counsel Nick Kendrick, senior associate Shi Ning Ong, and associates Kieran McLaughlin and Ling Ern Seow.