Latham & Watkins Advises Mercuria in its CNG Fueling Network Joint Venture with Chevron U.S.A.

A multidisciplinary team advises one of the largest integrated energy and commodities companies in the transformative transaction.

September 10, 2021

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), has announced the signing of definitive agreements to form a joint venture with Mercuria Energy Trading, one of the world’s largest integrated energy and commodities companies, to own and operate American Natural Gas LLC (ANG) and its network of 60 compressed natural gas stations (CNG) across the United States. 

Latham & Watkins LLP represents Mercuria in the transaction with a deal team led by Houston partner James Garrett and Washington, D.C. partner David Penna, with Houston associates Thomas Verity, Jonathan Villa, Ben Marek, Michael Basist, and Vera Bespalova. Advice was also provided on tax matters by Houston partner Bryant Lee, with Houston associate Michael Rowe; on environmental matters by Orange County partner Chris Norton and Los Angeles counsel Joshua Marnitz, with New York associate Ben Einhouse; on commercial matters by Washington, D.C. counsel Brett Ackerman and Washington, D.C. partner Natasha Gianvecchio; on employment and benefits matters by Washington, D.C. partner Adam Kestenbaum; on antitrust matters by Washington, D.C. partner Jason Cruise and Washington, D.C. counsel Sydney Smith; on data and technology transitions by Orange County counsel David Kuiper; on sanctions matters by Washington, D.C. associate Andrew Galdes; and on insurance matters by Los Angeles partner Drew Levin, with San Diego associate Hannah Cary. 

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