Greenberg Traurig Assists Alaska Gasline Development Corporation on Key Agreement for the Alaska LNG System

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Greenberg Traurig, LLP assisted the Alaska Gasline Development Corporation (AGDC) and the State of Alaska in negotiating a gas sales precedent agreement with BP Exploration (Alaska) Inc. earlier this month.

In connection with the development of one of the largest liquefied natural gas (LNG) projects in the world, a team from global law firm Greenberg Traurig, LLP assisted the Alaska Gasline Development Corporation (AGDC) and the State of Alaska in negotiating a gas sales precedent agreement with BP Exploration (Alaska) Inc. earlier this month. According to the press release issued by the Governor's office, the agreement covers key terms such as price and volume for the purchase by AGDC of BP Alaska’s share of 30 trillion cubic feet of gas from production areas on the North Slope of Alaska. As per the release, AGDC and BP expect to finalize a long-term gas sales agreement later in 2018.

Greenberg Traurig’s Energy & Natural Resources Practice has represented Alaska on the state’s gas commercialization efforts for more than 10 years. The team which assisted AGDC on the BP agreement is a multi-office team that includes practice Co-Chair Kenneth M. Minesinger; Of Counsel Patrick Pope; Shareholders Iskender Catto, Derek Anchondo, and Howard Nelson; and Associate Thomas Lemon.

About Greenberg Traurig, LLP – Energy and Natural Resources Practice

Greenberg Traurig’s Energy and Natural Resources Practice brings together attorneys from across the firm and around the globe that provide advice to clients on important aspects of their business and the energy and natural resources world. The attorneys’ knowledge and experience (including wide-ranging in-house and governmental experience) within many segments of the energy and natural resources industry – coupled with our transactional, regulatory, and litigation capabilities – enable the firm to develop and implement energy and natural resources-related legal strategies throughout the U.S., and in international markets including Latin America, Europe, Africa, the Middle East, and Asia.

The firm is known for its broad-ranging representation of upstream and midstream energy companies as well as renewable energy companies and traditional power generation companies. The practice is further distinguished by lawyers with substantial regulatory experience and broad energy finance representations. Several of its energy attorneys are former General Counsels at energy industry companies, and provide a valuable business perspective for our energy clients across the globe. Greenberg Traurig's Global Energy practice expanded significantly in Latin America and Europe with the establishment of its Mexico City and Warsaw offices.

About Greenberg Traurig

Greenberg Traurig, LLP (GT) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and is among the Top 20 on the 2017 Am Law Global 100. Greenberg Traurig has had the most attorneys listed in Best Lawyers in America from 2008 to 2018. Web: http://www.gtlaw.com Twitter: @GT_Law.

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Lourdes Brezo Martinez
@GT_Law
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