Akin Gump Strauss Hauer & Feld LLP advised GAIL Global (USA) LNG LLC in its new terminal service agreement with Dominion for 2.3 mmtpa liquefaction capacity in the Cove Point LNG liquefaction terminal project in Lusby, Maryland.
GAIL Global is a U.S. affiliate of GAIL (India) Limited, India’s largest natural gas processing and distribution company. The 20-year deal announced today will provide direct access to the Marcellus and Utica Shales, two of the most prolific natural gas regions in North America. The project is estimated to cost between $3.4-3.8 billion.
The Akin Gump team was led by Houston-based energy and global transactions partner Stephen D. Davis.
