Trowers & Hamlins has counseled Jordan’s Ministry of Energy and Mineral Resources on a liquefied natural gas (LNG) sale and purchase agreement with Royal Dutch Shell. The agreement guarantees a five-year supply of LNG to the kingdom and has a total value of several billion dollars.
Under the terms of the contract, from July 2015, Royal Dutch Shell will supply 150 million cubic feet of LNG per day to a terminal in Aqaba. This LNG will cover around 25 per cent of the National Electric Power Company's daily needs for power generation.
The agreement follows one that Jordan signed a deal to lease a Floating Storage and Regasification Unit (FSRU) from Golar LNG Limited, which is moored in a purpose-built structure near Aqaba.
Trowers was part of a consortium, also including Navigant, Mapstone and Tractebel Engineering , which advised on the project feasibility, time charter party agreement for the FSRU in Aqaba and on the subsequent tender process for the supply of LNG.
The law firm has worked with the Jordanian government since 2012 to assist in the implementation of the kingdom's LNG import strategy.
