SINGAPORE--(Marketwire - February 8, 2010) - King & Spalding, a leading international law firm, announced today that it advised Singapore LNG Corporation Pte. Ltd. in the development and award of a contract for the engineering, procurement and construction (EPC) of a liquefied natural gas (LNG) terminal at Jurong Island, Singapore, to Samsung C&T Corporation. The dollar amount of the transaction was not disclosed.

The budget for the Singapore LNG terminal is SGD 1.5 billion. Two-thirds of that amount, about SGD 1 billion, has been earmarked for the EPC contract. The facility will have an initial capacity of 3.5 million tons per annum (Mtpa), with provisions for doubling its capacity. The project is expected to be ready for start-up in 2013.

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The King & Spalding legal team involved in the transaction, under the oversight of partner Philip R. Weems in Dubai, UAE, and partner Scott A. Greer, in Houston, Texas, was led by Atlanta, Ga.-based counsel Angus N. McFadden, with the assistance of counsel Amy M. Hollis and associates Angelica G. Alfaro and Robert B. Garner, all of whom are in the firm's Houston office.

Singapore LNG Corporation Pte. Ltd. is a company incorporated by the Energy Market Authority (EMA) to own and develop Singapore's first LNG import terminal. The EMA is a statutory board under the Singapore Ministry of Trade and Industry.

Samsung C&T Corporation is the investment and construction arm of the Samsung Group. It has more than 7,000 employees in 104 overseas offices in 44 countries.

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