Latham & Watkins Advises Texas LNG on Binding Offtake Agreement With Macquarie

Glenfarne Group’s Texas LNG project has signed a definitive 20-year Sales and Purchase Agreement with Macquarie Energy LLC, a subsidiary of Macquarie Group Limited (Macquarie), a global trading and financial services group, for 0.5 MTPA of LNG. The agreement converts a previous non-binding Heads of Agreement between the two companies into a binding definitive agreement.

Latham & Watkins LLP represents Texas LNG in the transaction with a Houston-based Project Development & Finance team led by Taylor López, with support from associates Siyao Liu and Luis Cardenas, along with project financing advice provided by New York-based Hamad Al-Hoshan.