JP Sweny

  • Partner
  • Ejohn-patrick.sweny@lw.com
  • 99 Bishopsgate
  • London EC2M 3XF
  • United Kingdom
  • T +44.20.7710.1870
  •  
 

Profile

JP Sweny is a partner in the London office. He represents sponsors, corporates, financial institutions, and private equity investors on a wide range of project finance and structured finance transactions, particularly in the energy and infrastructure sectors.

Thought Leadership
Co-author, "IFLR Report – Project Finance 2017," International Financial Law Review, 2017

Co-author, "Africa Oil & Gas Report," Petroleum Economist 2018

Experience

Mr. Sweny's representative transactions include advising:

LNG
  • The sponsors, led by Total, in connection with the US$20 billion financing by several ECAs of the development of an LNG Project in Mozambique; the transaction was named “Global Multilateral Deal of the Year” of 2020 by Project Finance International
  • Nigerian National Petroleum Corporation (NNPC) with respect to the gas supply arrangements for NLNG trains 1-6
  • Steelhead LNG in relation to the development and financing of proposed floating LNG export facilities on Vancouver Island
  • Blackstone in connection with its US$2 billion investment in Sabine Pass Liquefaction Facility, an LNG export facility to be located in Louisiana, United States
  • The Export Import Bank of the United States, the Export Import Bank of China, and a syndicate of 15 commercial lenders on an US$8.5 billion project financing of a coal seam gas to LNG project in Australia sponsored by Origin Energy Limited, ConocoPhillips, and China Petrochemical Corporation (Sinopec)
  • RBS / ABN AMRO in connection with the financing of 4Gas' equity investment in the Dragon LNG receiving terminal in Wales
  • An international energy company on the acquisition of regasification capacity at the Gate terminal in the Netherlands 
  • The Government of Jamaica in connection with the purchase of LNG for an LNG import and regasification facility near Old Harbour, Jamaica
  • ENN Energy, one of the largest clean energy distributors in China, in connection with the negotiation of long-term LNG purchase arrangements with several LNG producers
Upstream Oil and Gas
  • HSBC Middle East with respect to a US$1 billion structured forward sale financing for an international oil and gas company in Egypt
  • Morgan Stanley and JPMorgan as lead arrangers of a US$1 billion structured oil receivables financing relating to the sale of oil by the Egyptian General Petroleum Corporation
  • NNPC and an international energy company in connection with the financing of the development a US$1.275 billion natural gas liquids (NGL) expansion project in Nigeria
  • International and domestic lenders and trading companies in respect of a US$1.5 billion forward sale oil financing by NNPC in Nigeria
  • HSBC with respect to a secured reserves based lending facility for IPR Transoil Corporation
  • JPMorgan and National Bank of Egypt as lead arrangers of a US$2 billion pre-export finance credit facility relating to the forward sale of oil by the Egyptian General Petroleum Corporation
Refineries 
  • NNPC with respect to negotiations for the rehabilitation and upgrade of refineries in Nigeria
  • Preem AB, the Swedish oil refinery business, in connection with a US$2.8 billion refinancing and exchange offer and amendments to oil inventory and receivables facility 
Transport and Infrastructure
  • NNPC with respect to the financing and development of the Ajaokuta-Kaduna-Kano Gas Pipeline and Stations Project in Nigeria
  • DNB Bank and Crédit Agricole Corporate & Investment Bank as lead arrangers and agents in connection with the US$1.8 billion financing of four ultra deep-water drill ships to be owned by subsidiaries of Pacific Drilling Limited
  • An international sponsor group on a US$650 million syndicated loan financing for a Brazilian deep water drilling vessel
  • Lloyds Bank as provider of £600 million multi-level liquidity facilities to whole business securitization of BAA's UK regulated airport business
  • The borrowers in connection with the project financing for the rehabilitation, improvement, operation, and maintenance of the Rift Valley Railroad Project in Kenya and Uganda
  • Citibank in respect of a secured financing for US Airways, Inc
Power
  • Summit Power in respect of a funding application for a 400MW clean polygen project in Scotland using integrated gasification combined cycle and carbon capture and storage (CCS) technology
  • An investment fund in connection with the potential acquisition of a portfolio of UK biomass projects
  • Counterparties in respect of secured commodity trading lines to Drax Power plc
  • ECP in connection with the acquisition of a portfolio of gas-fired power plants in the UK, and related trading services arrangements  

Thought Leadership

  • UK Government Launches Hydrogen Strategy and Business Model Consultation -  August 20, 2021
  • Financing Oil and Gas Through the Energy Transition  -  July 19, 2021
  • European Commission Releases Legislative Package to Meet Emissions Target -  July 16, 2021
  • Africa Oil & Gas Report: How Will the Sustainability Agenda Impact Development in Africa? -  June 29, 2018
  • Recent Case Law Update: Treatment of Trust Assets — Akers (and others) v. Samba Financial Group (2017)  -  July 18, 2017
  • Penalty Clauses in Project Finance Transactions -  July 10, 2017
  • French Export Credit Agency Changes -  June 27, 2017
  • New Foreign Investment Control of UK Critical Infrastructure Projects -  September 16, 2016
  • PF Newsletter: Article 55 of the BRRD -  May 05, 2016
  • PF Newsletter: LMA Updates - Quarter One 2016 -  May 05, 2016
  • PF Newsletter: Solar in Sub-Saharan Africa -  May 05, 2016
  • PF Newsletter: The Global Oil Economy -  May 05, 2016
  • PF Newsletter: US Exim Update  -  May 05, 2016
  • The Applications of Structured Finance Techniques to the Cleantech Industry -  August 25, 2011
  • Making Increased Costs Claims Under Basel III — Working with the LMA provisions -  October 25, 2010
  • Basel Committee Proposes Changes to Basel II Bank Regulatory Capital Accord -  9 February 2009
  • A Secure Future -  19 April 2007

Presentations

  • Regulatory Capital Requirements for European Banks -  July 6, 2009
“An excellent attorney who combines legal know-how with pragmatic advice”The Legal 500 2019
Bar Qualification
  • England and Wales (Solicitor)
Education
  • LPC, College of Law, London, 2002
  • CPE, College of Law, London, 2001
  • BA (Hons), University of Newcastle-upon-Tyne, 1999
Industries
  • Energy & Infrastructure
  • Technology
Practices
  • Project Development & Finance
  • Banking
  • Structured Finance
  • Derivatives
  • Africa Practice