Milestone US$2.8bn LNG deal steams ahead; Asia’s energy juggernauts
BY Pamela koh |
A milestone LNG project between the world’s largest LNG buyer, Kogas; Japan’s largest trading house, Mitsubishi Corporation; and Indonesia’s largest private sector energy company, Medco Energi Internasional, marks the first-ever joint venture partnership between Korea, Japan and Indonesia on an LNG project. Hogan Lovells; Widyawan & Partners; Allen & Overy, Herbert Smith and its Indonesian ally, Hiswara, Bujamin & Tanjung (HBT), have all played roles on the deal which itself was six years the making.