Clyde & Co advises on WAGL LNG project
Published by David Rowlands,
Editor
LNG Industry,
Clyde & Co, a global law firm, has announced that it has advised West African Gas Ltd (WAGL) on its development of an LNG import project at the port of Tema, Ghana. WAGL is a joint venture (JV), which is owned by subsidiaries of Sahara Energy Resource Ltd and the Nigerian National Petroleum Corp. Clyde & Co advised on contracts spanning the entire project.
The project will help mitigate Ghana’s energy crisis and, in the long-term, will allow Ghana to evolve into a regional energy hub. The project is scheduled to start-up in 2Q16 and is the first of its kind in sub-Saharan Africa.
LNG cargoes will be shipped to Tema, where they will then be transferred to a Floating Storage and Regasification Unit (FSRU), which will be moored the port of Tema. Following this, the LNG will be regasified and transferred to various power plants through pipelines.
Dean Norton, a Clyde & Co Partner, said: “We are delighted to have worked with WAGL on this landmark project that will see Ghana becoming sub-Saharan Africa's first LNG importer.
“There is an urgent and growing requirement for many African countries to develop their power sectors and this project structure provides a real solution in a short timeframe.
"As a firm, we are pleased to have been able to offer the full range of expertise required for both the offshore and onshore elements of the project and look forward to working on similar projects in the future."
Dean Norton and Associate, Julie Walton, advised on the sale and purchase agreement for the supply of LNG and on the time charter with Golar LNG Ltd to provide the FSRU. Meanwhile, John Morris and Clare Hatcher, both Projects and Construction Partners, advised on onshore elements surrounding the project, such as the gas supply contract that was entered with the Ghana Government and the engineering, procurement and construction (EPC) contracts for the gas pipelines and onshore project facilities. They were assisted by Associates, Brett Hartley, Paul Freeman and Russell Banfi.
Edited from press release by David Rowlands
Read the article online at: https://www.lngindustry.com/regasification/07012016/clyde-and-co-advises-on-wagl-lng-project-1844/
You might also like
MidOcean Energy completes acquisition of 20% in Peru LNG
MidOcean Energy has announced the completion of its previously announced agreement to acquire SK earthon’s 20% interest in Peru LNG, owner and operator of the first LNG export facility in South America.