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TotalEnergies SE signs synthetic infrastructure agreement with Global Infrastructure Partners
Global law firm Norton Rose Fulbright has advised TotalEnergies SE on a synthetic infrastructure agreement with Global Infrastructure Partners.
Emma Musgrave
Firm: Norton Rose Fulbright (TotalEnergies SE).
Value: Consideration of US$750 million.
Area: Infrastructure, finance.
Key players: In Australia, the Norton Rose Fulbright team was comprised of special counsel Nikki van der Meer and Nick Sinclair, senior associate Priya Kahlon, associates Nancy Zheng and Kellie Hayman, and lawyer Rose Kenny.
Paris-based partners Anne Lapierre, Karine Montagut, counsel Véronique Bruel and Marie-Adelaide de Fleurieu, and associate Alexandra Bloch-Manikow also assisted, as did partners Greg Reinhardt and Antoine Colonna, and special counsel Seema Mishra who advised on taxation aspects in Australia and France.
Deal significance: TotalEnergies is a French-headquartered company.
“Under innovative arrangements, TotalEnergies, through its subsidiaries, retains full control and ownership of its 27.5 per cent sale interest,” a statement from NRF said.
“Global Infrastructure Partners will receive a throughput-based tolling fee based on TotalEnergies’ share of gas processed through the downstream facilities for 15 years.”
Commenting further, NRF’s Paul Lingard said: “We are pleased to have supported TotalEnergies on this landmark transaction.
“This transaction is the first of its kind for TotalEnergies and the second by GIP in mid-stream LNG assets in Australia, continuing the trend for similar investment around the world. It is also among a number of projects that are helping to confirm Australia’s major role in the global energy transition.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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