A dramatic increase in natural gas resources in the United States in recent years as a result of hydraulic fracturing in shale formations has forced Houston-based Freeport LNG Development to make a change in its business direction. Under the guidance of Freeport’s four-lawyer legal department, the company has navigated the complicated issues associated with moving from the regasification of natural gas to its liquefaction for export.
John Tobola, Freeport’s vice president, general counsel and corporate secretary, said it was “an extremely complex transaction” that involved bringing together the commercial financing required as well as the construction, regulatory, legal and political aspects of the project so that they all lined up at the same time.
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