King & Spalding Advises on EPC Contract for Singapore LNG Terminal
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.
For more information on the transaction, click here:
http://www.ema.gov.sg/index.php?option=com_news&task=article&cid[]=146.
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.
About King & Spalding
Celebrating 125 years of service, King & Spalding is an international law
firm with more than 800 lawyers in Abu Dhabi, Atlanta, Austin, Charlotte,
Dubai, Frankfurt, Houston, London, New York, Paris, Riyadh (affiliated
office), San Francisco, Silicon Valley and Washington, D.C. The firm
represents half of the Fortune 100 and, according to a Corporate Counsel
survey in August 2009, ranks fifth in its total number of representations
of those companies. For additional information, visit www.kslaw.com.