ipfa.finance / sectors / power | energy / lng & gas infrastructure
LNG & GAS INFRASTRUCTURE
LNG carriers, FSRUs and gas-to-power
Financing and advisory for LNG shipping, floating regasification and gas-fired power across Greece and Cyprus, the Eastern Mediterranean and the Gulf.
An LNG carrier under naval escort, May 2013. U.S. Navy photo by MC2 Bryan Blair.
FOCUS
Where we focus
LNG project financing advisory across the chain: LNG carriers and FSRUs, regasification and gas-to-power. On the buyer and investor side, it extends to liquefaction and FLNG, as in Golar MK II FLNG and Delfin FLNG 1.
FSRU & regasification
Gas-to-power
GAPS WE CLOSE | LNG & GAS INFRASTRUCTURE
Where we work in LNG & Gas Infrastructure
REGIONS
Regions
- Greece & Cyprus
- Eastern Mediterranean
- Gulf
SERVICES
How we help
- Ship project financingLong-term funding for new and used vessels, with charter fees as the principal source of repayment and collateral structured around the shipbuilding and charter agreements.
- Ship financing and capital raisingArranger and capital raiser for investment projects in shipping, FPSOs and offshore, from single projects to complex solutions for major companies.
- ECA finance, trade finance, loan guarantees and insuranceCross-border funding with improved terms through government-backed export credit agencies.
- Project finance transactionsStructured large-scale project finance deals.
- Oil and gas transactions and financingStrategic joint ventures, acquisitions and disposals, green- and brownfield developments, project financing and business restructurings across the value chain.
- Government and regulatory advisoryGuidance on regulatory frameworks and government policy: representing governments on regulatory regimes and advising state-owned companies, including on the midstream distribution, sale and regulatory treatment of natural gas.
- Public-Private PartnershipsHelping governments and corporations create partnerships that deliver high-quality public services at the best value for money.
- Financial modellingModels that bridge the gap between wishful thinking and responsible acting, built so that non-financial decision makers understand the parameters that drive viability.
- ValuationEstimating the value of businesses and assets, for transactions, financing, restructuring and reporting.
LEDGER | 37 ENTRIES
Transactions
Each entry names the gap it closed.
By gap
Insights
By region
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| Size | No. | Date | Transaction | Sponsor / seller / borrower side | Lender / arranger / underwriter side | Agency | Counsel (context) | Gap |
|---|---|---|---|---|---|---|---|---|
| Locked | LNG-26 | Dec 2025 | Singapore |
MOL (borrower) | MUFG, DBS, OCBC, Standard Chartered | JBIC | Locked | G1 TenorG2 Credit |
| Locked | LNG-11 | Dec 2024 | Norway |
Locked | Locked | Locked | White & Case (to seller, MSIP) | G3 Equity |
| Locked | LNG-05 | Mar 2024 | Germany |
Locked | Standard Chartered (MLA) | Locked | Clifford Chance, CMS (to HEH); A&O (lenders) | G1 Tenor |
| Locked | LNG-03 | Jan 2024 | Germany |
Locked | BNP Paribas, CACIB, Mizuho, Sumitomo Mitsui Trust Bank | Locked | Kirkland (to Energos); Milbank (lenders) | G3 EquityG1 Tenor |
| Locked | LNG-02 | Dec 2023 | Philippines |
BW (borrower) | Standard Chartered (lead), BofA, Clifford Capital, DBS | Locked | NRF (lenders) | G1 Tenor |
| Locked | LNG-01 | Dec 2023 | Italy |
Locked | Locked | Locked | WFW, Appleby (to Snam, buyer) | G3 Equity |
| Locked | LNG-37 | Sep 2026 | NFE restructuring USA / UK |
Locked | Locked | Locked | Skadden (to NFE) | G5 Proof |
| Locked | LNG-36 | Sep 2026 | Spectrum LNG → Sapphire USA |
Piper Sandler (sell-side FA) | Locked | Locked | Locked | G3 Equity |
| Locked | LNG-35 | Aug 2026 | Golar MK II FLNG facility Argentina |
Locked | ABN AMRO, Citi, Danske, Standard Chartered (roles not stated) | Locked | Locked | G1 Tenor |
| Locked | LNG-34 | Jun 2026 | PRIME-GAS Benin, Côte d’Ivoire, Togo |
Governments of Benin, Côte d’Ivoire, Togo (borrowers) | Locked | World Bank (IDA) | Locked | G4 Public |
| Locked | LNG-33 | Jun 2026 | Delfin FLNG 1 USA |
MUFG (financial adviser) | MUFG (initial coordinating lead arranger, administrative agent) | Locked | Locked | G1 Tenor |
| Locked | LNG-32 | Apr 2026 | Hartree LNG to EGPC Egypt |
Hartree (exporter) | Locked | US EXIM (insurance) | Locked | G2 Credit |
| Locked | LNG-31 | Feb 2026 | Ruwais LNG (Mitsui stake) UAE |
Mitsui (borrower) | SMBC (co-lender) | JBIC | Locked | G2 Credit |
| Locked | LNG-30 | Feb 2026 | Hartree LNG to BOTAŞ Türkiye |
Hartree (exporter) | Locked | US EXIM (insurance) | Locked | G2 Credit |
| Locked | LNG-29 | Feb 2026 | CMC / GBA Fund LNG carriers China / Hong Kong |
Locked | 3 unnamed Chinese lessors | Locked | WFW (to CMC) | G1 TenorG3 Equity |
| Locked | LNG-28 | Jan 2026 | Texas LNG USA |
CIBC, Mizuho (financial advisers) | unnamed ICLAs | Locked | Locked | G1 Tenor |
| Locked | LNG-27 | Dec 2025 | Mozambique LNG restart Mozambique |
TotalEnergies-led consortium | ~30 unnamed lenders | UKEF, Atradius DSB (withdrew) | Locked | G1 TenorG2 Credit |
| Locked | LNG-25 | Nov 2025 | FLNG Gimi refinancing Mauritania / Senegal |
Golar (borrower) | ABN AMRO, Citi, DNB, Goldman Sachs, Standard Chartered (roles not stated) | Locked | Locked | G1 Tenor |
| Locked | LNG-24 | Oct 2025 | Lebanon Gas to Power Lebanon |
IFC (lead transaction adviser to the government) | Locked | IFC; IBRD coordination | Locked | G4 Public |
| Locked | LNG-23 | Oct 2025 | Louisiana LNG → Williams USA |
RBC, Evercore (FAs to Woodside) | Locked | Locked | NRF (to Woodside) | G3 Equity |
| Locked | LNG-22 | Oct 2025 | Rio Grande Train 5 USA |
Locked | Locked | Locked | Latham (to NextDecade) | G1 Tenor |
| Locked | LNG-21 | Oct 2025 | Golar 7.5% notes Bermuda / Argentina |
Locked | Clarksons Securities (listed, role not stated) | Locked | Locked | G2 Credit |
| Locked | LNG-20 | Sep 2025 | Sempra Infrastructure 45%; Port Arthur Ph. 2 USA / Mexico |
BofA (FA to Sempra); Goldman Sachs (structuring agent, Ph. 2) | Locked | Locked | Mayer Brown (to Goldman Sachs & Co., Ph. 2 investment) | G3 Equity |
| Locked | LNG-19 | Sep 2025 | Rio Grande Train 4 USA |
Locked | Locked | Locked | Latham (to NextDecade); NRF (lenders) | G1 Tenor |
| Locked | LNG-18 | Jul 2025 | CP2 LNG Phase 1 USA |
Locked | Standard Chartered (ICLA, hedging bank); ING, Santander (lead arrangers, term loan/WCF); BofA, Scotiabank (lead arrangers, equity bridge) | Locked | Latham (to sponsor); Skadden (lenders) | G1 Tenor |
| Locked | LNG-17 | Jun 2025 | Santos: XRG proposal Australia |
Goldman Sachs, JB North (FAs to Santos); Rothschild & Co (independent board adviser) | Locked | Locked | Locked | G3 Equity |
| Locked | LNG-16 | May 2025 | CP2 LNG bank loan USA |
Locked | SMBC (left lead, sole bookrunner, agent); CaixaBank, LBBW (right leads); 13 CLAs | Locked | Locked | G1 Tenor |
| Locked | LNG-15 | Apr 2025 | Louisiana LNG → Stonepeak USA |
Evercore, RBC (FAs to Woodside) | Locked | Locked | NRF (to Woodside); Milbank (Stonepeak’s lenders) | G3 Equity |
| Locked | LNG-14 | Mar 2025 | Excelerate buys NFE Jamaica Jamaica |
Intrepid (FA to NFE, seller) | Barclays (lead), Wells Fargo, CACIB, DNB, SMBC, BNP Paribas, Morgan Stanley, Nordea (bridge) | Locked | V&E (to NFE); Gibson Dunn (to Excelerate); Simpson Thacher (bridge) | G3 EquityG1 Tenor |
| Locked | LNG-13 | Mar 2025 | Mozambique LNG loan re-approval Mozambique |
TotalEnergies-led consortium | Locked | US EXIM (direct loan) | Locked | G2 Credit |
| Locked | LNG-12 | Jan 2025 | Venture Global IPO USA |
Venture Global (issuer) | Goldman Sachs, J.P. Morgan, BofA (joint lead bookrunners); Guggenheim (co-manager) | Locked | Locked | G2 Credit |
| Locked | LNG-10 | Nov 2024 | Pure Energy 5 LNG carriers Greece / China |
Pure Energy (lessee) | CMB Financial Leasing (lessor) | Locked | WFW (to lessor) | G1 Tenor |
| Locked | LNG-09 | Sep 2024 | Peru LNG 15% → MidOcean Peru |
Locked | Locked | Locked | Latham (to MidOcean); Bracewell (to Hunt, seller) | G3 Equity |
| Locked | LNG-08 | Jul 2024 | Tellurian → Woodside USA |
Lazard (FA to Tellurian, target) | Locked | Locked | Akin Gump (to Tellurian) | G3 Equity |
| Locked | LNG-07 | Jun 2024 | Cedar LNG Canada |
MUFG (FA to Cedar LNG); CIBC (FA to Haisla Nation, equity) | Mizuho (coordinating lead arranger, bookrunner, swap coordinator) | EDC (lender; law-firm source only) | Latham (to the partnership) | G1 Tenor |
| Locked | LNG-06 | May 2024 | Scarborough (JBIC loan) Australia |
Woodside (project) | unnamed private lenders | JBIC | Locked | G2 Credit |
| Locked | LNG-04 | Mar 2024 | Trafigura LNG supply Singapore / Japan |
Trafigura (borrower) | SMBC (co-lender) | JBIC | Locked | G2 Credit |
INSIGHTS | LNG
Insights
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