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Baker Botts to debate the rise of LNG to power

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LNG Industry,

An increasing number of LNG to power projects are offering the new, viable alternative medium to long term power solution. They are also a rapid way of adding capacity to the grid in developing markets, such as Africa.

Key drivers behind project developments include the falling cost of LNG, lack of gas infrastructure to support conventional independent power projects, technical evolution, environmental protection and the need to meet demand for gas-fired power generation.

Industry players and Baker Botts experts will share their perspectives and experiences on this new growth area of the LNG market at the 14th LNG Forum in London, UK, on 22 November 2016. Speakers will include the following:

  • Ragnar Wisløff, Chief Commercial Officer at Höegh LNG.
  • Frederik Smits van Oyen, Vice President Origination and Marketing EMEA, Cheniere Energy.
  • Vasco Vitorio, Director, Event Financing, Infrastructure & Real Estate Group, HSBC.
  • Robin Mizrahi, Projects Partner, Baker Botts.

Mark Rowley, Partner in Charge of Baker Botts London office, said: “LNG to power offers an effective and flexible solution to the growing demand for power, particularly in developing economies. However, it presents new and interesting challenges to those involved in this gas value chain as LNG to power combines certain traditional elements of the LNG value chain with a potentially new and different element, the downstream power market.”

Robin Mizrahi, a partner in Baker Botts’ Global Projects Practice, said: “LNG to power projects (particularly integrated projects) will effectively create a new inter-disciplinary area of work with potentially wide reaching business and economic implications. It's not just buying LNG, it’s selling electricity as well - and in many respects the power market and the LNG market may reshape each other, which could have a major impact on their future direction.”

“LNG to power projects are capital intensive and costly to deploy, so governments and businesses need to be prepared to invest for the long-term to address any market considerations and reap the true rewards from their involvement. It is critical for businesses to structure the Power Purchase Agreement in the right way from the start, as this is the primary source of revenue and also to take the local power market into account, in order to ensure the commercial viability and bankability of any project," added John White, a Baker Botts partner based in Moscow.

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