Matthew Brown is a partner in the London office of Latham & Watkins.
Mr. Brown represents sponsors, lenders, and governments in all aspects of project development and project finance, particularly in the energy sector (including oil and gas, LNG, and power generation related matters). He is also a member of the firm’s Africa, India, Oil & Gas, Power, Mining & Metals, and Islamic Finance Practices.
Mr. Brown's experience includes advising:
- GM Holdings in the US$980 million concurrent bank and bond project finance transaction for a portfolio of existing and new-build conventional and renewable electricity generation assets in Chile, awarded Americas Power Deal of the Year at Project Finance International (PFI) Awards 2021
- The export credit agencies and commercial bank lenders in the US$1.6 billion project financing for Northvolt’s development of two gigafactories for lithium ion battery cell production in Europe, awarded Project Finance Deal of the Year at IFLR's Europe Awards 2021
- The sponsors in connection with the financing of the development and construction of a gas-fired power generation facility and related LNG regasification and import terminal in Chile incorporating an FSRU
- Nakilat Holdco L.L.C. (a joint venture between Teekay LNG Partners L.P. and Qatar Gas Transport Company Limited) on the refinancing of an existing US$450 million finance facility
- Maran Nakilat Co. Ltd. on the US$662.44 million Shari’ah compliant refinancing of three existing facilities and the acquisition and financing of two new vessels by Maran Nakilat Co. Ltd. to expand its fleet of LNG carriers located in Qatar from four vessels to six
- Maran Nakilat Co. Ltd. in connection with the US$669 million refinancing of two existing facilities and the acquisition and financing of two new vessels by Maran Nakilat Co. Ltd. to expand its fleet of LNG carriers located in Qatar from six vessels to eight
- Maran Nakilat Co. Ltd. in connection with the US$807.44 million Shari’ah compliant refinancing of an existing facility and the acquisition and financing of one new vessel by Maran Nakilat Co. Ltd. to expand its fleet of LNG carriers located in Qatar from eight vessels to nine
- DnB NOR Bank ASA 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
- Qatar Gas Transport Company (Nakilat) and its subsidiary, Nakilat Inc., in connection with a US$6.8 billion program financing in respect of Nakilat Inc.’s acquisition and construction of up to 25 LNG tankers. The first phase of the financing included US$4.3 billion of senior and subordinated debt funded by commercial banks, the Export-Import Bank of Korea, a tranche supported by the Korea Export Insurance Corporation, and the issuance of senior and subordinated capital markets debt. The deal was named Middle East LNG Deal of the Year by Project Finance magazine. The US$1.5 billion second phase of the transaction closed in 2008 and consisted of senior and subordinated commercial bank debt as well as a tranche of senior debt supported by the Korea Export Insurance Corporation. The US$940 million third phase of the transaction closed in 2009 and consisted of senior and subordinated commercial bank debt, including the first loans made to a Qatari project by Chinese lenders. The almost US$1 billion fourth phase of the transaction closed in 2013 and consisted of senior and subordinated commercial bank debt.
- Yamal LNG, sponsored by Novatek, Total S.A., and China National Petroleum Company in connection with the financing of the Yamal LNG project in Russia
- Eight export credit agencies from Japan, Australia, Korea, France, Germany, and the Netherlands, and a syndicate of 33 commercial lenders, on a US$20 billion project financing of the Ichthys liquefied natural gas (LNG) project in Australia sponsored by Inpex Corporation and Total SA. This transaction was named Global Deal of the Year by Project Finance magazine, Asia-Pacific Deal of the Year by Project Finance International (PFI), Project Finance Deal of the Year by Asia-MENA Counsel, and Trade Finance Deal of the Year by Trade Finance.
- Anadarko Petroleum Corporation in connection with the financing of the Mozambique LNG Project. The initial LNG Project will consist of two LNG trains and will be one of the largest projects ever implemented in Africa.