Allens has advised Global Infrastructure Partners Australia (GIP) on its US$750 million investment into a newly established JV with TotalEnergies subsidiary, Total GLNG Australia (TGA), in relation to TGA’s interest in the Gladstone LNG Project’s downstream infrastructure facilities.
TGA retains full control and ownership of its 27.5% interest in the Gladstone LNG Project joint venture.
‘We congratulate GIP on another landmark acquisition’, said lead Partner Igor Bogdanich.
‘The investment is a continuation 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 and follows on from its US$2.5 billion purchase of an interest in Shell’s Queensland Curtis LNG common facilities earlier this year’.
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.