Allens has advised Global Infrastructure Partners Australia (GIP) on its US$2.5 billion purchase of an interest in Shell’s Queensland Curtis LNG common facilities.
The deal sees GIP acquire an effective 26.25 per cent interest in the common facilities, which include LNG storage tanks, jetties and operations infrastructure servicing Queensland Curtis LNG’s trains. Shell will remain operator of the facilities.
‘We congratulate GIP on this landmark acquisition,’ said lead Partner Igor Bogdanich.
‘The investment is part of GIP’s broader strategy of targeting high-quality assets in sectors where it has deep knowledge, with a focus on complex transactions and strategic joint ventures.’
Allens is recognised as a leading adviser on oil and gas projects and related M&A, having played a major role in most significant oil and gas projects in Australia and many of the pre-eminent oil and gas projects in the Asia-Pacific.