Latham & Watkins Advises Glenfarne on US$500 Million Investment in Texas LNG by HPS Investment Partners

Glenfarne Group, LLC (Glenfarne) has announced a US$500 million investment with lead investors being investment funds and accounts managed by global investment firm HPS Investment Partners, a part of BlackRock. The investment, which is subject to usual and customary conditions, will support the continued development and early construction works of Texas LNG, Glenfarne’s liquefied natural gas (LNG) export terminal at the Port of Brownsville. Today’s announcement marks one of the final steps required for Texas LNG before achieving Final Investment Decision (FID).

Latham & Watkins LLP represents Glenfarne in the transaction with a Project Development & Finance team led by New York partner Hamad Al‑Hoshan, with associates Andrea Garcia Martinez and Hiroko Ito and assistance from Fathia Zapata. Advice was also provided on real estate matters by San Diego partner Stephanie Fontanes; on permitting/federal energy regulatory matters by Washington, D.C. partner Patrick Nevins; on 1940 Act matters by New York partner Jennifer Tian; on AML/ABC matters by Washington, D.C. partner Joseph Bargnesi; on environmental matters by San Diego partner Jennifer Roy, with associate Nolan Fargo; on sanctions matters by associate Matthew Crawford; on tax matters by Houston partner Christine Mainguy, with associate Nathan Sauers; on corporate/preferred equity matters by New York partner Christopher Cross, with associates Ransel Potter and Jon Wakelin; on senior financing matters by associate Lauren Lozada; and on project documents matters by New York partner Christopher Cross and Houston counsel Brian Hintze, with associate Lia Adalia.