White & Case Advises the Government of the Republic of Trinidad and Tobago on the Restructuring of Atlantic LNG

Global law firm White & Case LLP has advised the Government of the Republic of Trinidad and Tobago, acting through its Ministry of Energy and Energy Industries, on the restructuring of the Atlantic LNG project located in Trinidad and Tobago.

The Atlantic LNG facility, owned by Shell Trinidad and Tobago Limited, BP Trinidad and Tobago LLC, and the National Gas Company of Trinidad and Tobago Limited, is one of the largest LNG export facilities in the Western Hemisphere and is a critically important component of Trinidad and Tobago’s energy industry infrastructure.

The restructuring was announced on December 5, 2023, following years of complex negotiations, with sustained involvement by White & Case as a key legal advisor to the Ministry of Energy and Energy Industries, building upon previously announced HOAs executed by the parties. The restructuring includes agreements executed by the relevant parties including the government’s licensing of and support for the restructured project, the revised ownership structure of the project, the corporate governance arrangements among the shareholders of the Atlantic LNG facility, and various commercial contracts underpinning the purchase and supply of natural gas, the processing of gas into LNG, and the sale of LNG and NGLs.

The White & Case team was led by partners Christopher Richardson (Houston) and Clark Wohlferd (New York), and included associates Caroline McDonald, Richard McNulty and Jack Moxon (all in Houston) with specialist support from partners Michael Polkinghorne (Paris), Sven Volkmer (New York) and David Baker (London).

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