Southeast Asia

Allen & Overy has advised the sponsors on the financing for the $2.8 billion Donggi-Senoro Liquefied Natural Gas project in Indonesia. The Donggi-Senoro plant, which is expected to launch operations in mid-2015, will have a production capacity of 2 million tons of LNG a year. Allen & Overy advised the sponsors—Japan’s Mitsubishi Corp., Korea Gas Corp., Indonesian state-run PT Pertamina (Persero) and Indonesian private oil and gas company PT Medco Energi Internasional TBK—on the development of the project as well. Allen & Overy Tokyo partner Scott Neilson and Sydney partner Adam Stapledon led the advisory team advising the sponsors on the financing. Ashurst Hong Kong partner Matthias Schemuth is acting for the lenders, which include the Japan Bank for International Cooperation, Export Import Bank of Korea and Nippon Export and Investment Insurance. Sumitomo Mitsui Banking Corp., Bank of Tokyo-Mitsubishi UFJ Ltd. and Mizuho Bank Ltd., Korea Exchange Bank, Nonghyup Bank and PT Bank Sumitomo Mitsui Indonesia are providing part of the financing as well. [Read full story]

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