Latham & Watkins Advises Texas LNG on 20-Year LNG Sales and Purchase Agreement With RWE

Texas LNG Brownsville LLC, part of Glenfarne Group, LLC, has signed a definitive 20-year Sales and Purchase Agreement with RWE Supply & Trading, one of Europe’s leading energy companies, for the supply of one million tonnes per year (MTPA) of Liquefied Natural Gas (LNG). This corresponds to approximately 13 cargoes of LNG and 1.4 billion cubic meters (BCM) per year of natural gas respectively. Deliveries can be shipped by RWE to locations in Europe and worldwide.

Latham & Watkins LLP represents Texas LNG in the transaction with a Houston-based Project Development & Finance team led by Taylor López and partner Chris Peponis, with associates Siyao Liu and Luis Cardenas. Advice on project financing was also provided by New York partner Hamad Al-Hoshan.