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International law firm Ince & Co has advised longstanding client Golar LNG (“Golar”) on their contract with West Africa Gas Limited (“WAGL”) to provide Floating Storage and Regasification Unit ("FSRU") services to support their Liquefied Natural Gas (LNG) import project in Ghana. The transaction marks Sub Saharan Africa's first FSRU project.
WAGL, a joint venture between the Nigerian National Petroleum Corporation (60%) and Sahara Energy Resource Ltd (40%), is developing an LNG import project at the port of Tema, Ghana. The planned start-up date is for Q2 2016.
Gary Smith, Golar’s CEO, commented:
“West Africa is becoming an increasingly important region for our business and we are proud to be jointly developing Sub Saharan Africa's first FSRU in partnership with WAGL. Our relationship with Jonathan and his team at Ince & Co, coupled with the legal and commercial insight that they once again delivered, enabled us to reach a significant milestone in this strategically important project.”
Jonathan Goldfarb, Ince & Co’s lead partner in this transaction, commented:
“We were delighted to have been given the opportunity to work alongside the team at Golar on this exciting project in Ghana, which once again demonstrates the company’s commitment to, and leading position as a provider of, floating LNG solutions. Advising Golar on this and other landmark FSRU and FLNG projects highlights our expertise in the floating LNG arena.”
Ince & Co has advised Golar LNG on a series of significant floating production projects since 2011. Earlier this year the firm advised on the development of a floating liquefied natural gas export project near shore off the coast of Cameroon. Additionally the firm advised on the completion of Golar’s FSRU lease with the Ministry of Energy and Mineral Resources of Jordan (2013), and the West Java FSRU Project, which marked the first FSRU project in Asia (2011).
West Africa Gas Limited were advised by Clyde & Co.