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Baker Botts Represents Höegh LNG in a Project to Deliver LNG Receiving Terminal in Indonesia

Release

HONG KONG, October 22, 2012 -- Höegh LNG and Perusahaan Gas Negara (PGN) have signed terms for the LNG Floating Storage and Regasification Unit (“FSRU”) and mooring to form an offshore LNG receiving terminal offshore Labuhan Maringgai, in the Lampung province, at the south east coast of Sumatra, Indonesia.

The agreement is for a 20-year charter with two 5-year options to extend for a total period of 30 years. The mooring system will be procured by Höegh LNG, with PGN to pay for and take ownership in it  once it is completed.

Baker Botts L.L.P. represented Höegh LNG in the transaction.

“The parties succeeded in overcoming exceedingly complex issues to sign a project that can now proceed to deliver an important part of Indonesia’s energy infrastructure,” said Baker Botts Partner Russell Wilkinson, who served as lead lawyer for Höegh LNG.

The Höegh LNG news release about the transaction is available here.

 

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Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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