Hogan Lovells, Allen & Overy, and Herbert Smith are advising on a $2.8 billion joint liquefied natural gas (LNG) project involving companies from Japan, Korea, and Indonesia.
Mitsubishi Corp. announced last month that it had made the final investment decision to proceed with the PT Donggi-Senoro LNG joint venture to develop natural gas fields and to construct and operate an LNG plant in Indonesia’s Sulawesi province. The Japanese conglomerate holds a 45 percent stake in the project, according to Hogan Lovells. Korea Gas Corp. (Kogas), currently the world’s largest purchaser of LNG, has a 15 percent stake, with the rest divided between Indonesian state-owned energy companies PT Medco Energi Internasional and PT Pertamina.
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