Shearman & Sterling advises Golar Power on Sergipe LNG-to-power project

Shearman & Sterling advises Golar Power on Sergipe LNG-to-power project
Image courtesy of Golar LNG

New York headquartered law firm Shearman & Sterling said it is serving as Golar Power’s advisor in connection with the development of Porto de Sergipe LNG-to-power project in Brazil. 

The law firm said in a statement its team has been working with Golar Power on all aspects of the project since April 2015.

To remind, Golar Power reached a final investment decision in October, enabling Celse, the project company, to enter into a lump sum turn-key EPC agreement with General Electric to build, maintain and operate the 1.5 GW combined cycle power plant.

The company has also chartered the FSRU Golar Nanook for a period of 25 years. The vessel is scheduled for delivery in November 2017.

Liquefied natural gas will be delivered to the FSRU by Ocean LNG under a long-term agreement. Deliveries of 1.3 mtpa of liquefied natural gas to Celse are set to start in 2020.

Golar Power has also increased its participating interest in Celse from 25 percent to 50 percent.

Golar Power is a 50/50 joint venture between Golar LNG and Stonepeak Infrastructure Partners, launched in July to develop, own and operate LNG-based transportation and downstream solutions including LNG carriers, FSRU and associated terminal and power generation infrastructure.


LNG World News Staff

Share this article

Follow LNG World News


<< Sep 2019 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >