White & Case Advises Vitol Inc. on its US$3 Billion SPA and Strategic Investment into Delfin Midstream, Inc.

Global law firm White & Case LLP has advised Vitol Inc. on its entry into a long-term liquefied natural gas sale and purchase agreement, and strategic investment in Delfin Midstream, Inc., in connection with Delfin's planned development of a floating liquefied natural gas export project located off the coast of Louisiana. 

Under the terms of the agreement, Delfin will supply 0.5 million tons per year of liquefied natural gas on a free on-board basis at the Delfin Deepwater Port, approximately 40 nautical miles off the coast of Louisiana, to Vitol Inc. over a 15-year period. The agreement has a total value of approximately US$3 billion in revenue over 15 years.

The White & Case team was led by Project Development and Finance partner Chris Richardson, and included associates Samer Mahjoub and Kabir Phaguda (all in Houston).

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