In a significant move within the LNG maritime sector, Wikborg Rein expertly guides Greek shipowner client Dynagas through its sale to Energos Infrastructure of two state-of-the-art Floating Storage and Regasification Units (FSRUs), Transgas Force and Transgas Power.

The London team advised Deutsche ReGas, the operator of Germany's Deutsche Ostsee LNG Terminal in Lubmin, on all marine related aspects of the Terminal, including the charters of an FSRU, FSU and three shuttle tankers. The Project was officially launched earlier this year, having obtained all of the required permits and achieving first gas into the grid.

The IMO recently introduced amendments to MARPOL Annex VI aimed at improving the technical and operational efficiencies of all types of ships. These amendments are expected to enter into force as soon as 1 January 2023. The amendments introduce the Energy Efficiency Existing Ship Index (EEXI), a technical measure concerned with ship design, and the Carbon Intensity Indicator (CII), an operational measure concerned with a ship’s trading and operation.

BIMCO and the Association of Ship Brokers & Agents (“ASBA”) recently released a dedicated gas tanker voyage charterparty, the ASBAGASVOY 2020. The form is a based on the well-established ASBATANKVOY form for product tankers and has been developed in response to the growth of the gas spot market.

In this article, we explore some of the key issues facing vessel owners when bidding for and negotiating floating LNG projects, whether for FLNG units (floating liquefaction) or FSRUs (floating storage and regasification)

Oil and Gas

Shipping

Partner

Jonathan's practice focuses on the development and finance of offshore energy projects, with a specialist focus on the LNG sector. He advises on project tendering, vessel construction, EPCIC, financing, sale and purchase and leasing arrangements in respect of FSRUs, LNGCs, FLNG, FPSOs/FSOs, drilling units and drillships. He acts for some of the leading vessel owners and energy contractors, and handles a wide variety of projects in the oil and gas sectors. Jonathan has been particularly active on Floating Storage and Regasification (FSRU) projects in the LNG sector, advising on projects in Indonesia, India, Brazil, Dubai, Jordan and Jamaica among many others, as well as being at the forefront of the FLNG sector, having advised on one of the first floating liquefaction projects to be successfully implemented, in Cameroon. 

Client endorsements:

“Jonathan Goldfarb is particularly active in the LNG sector and draws warm praise from sources: 'He keeps on top of things and makes sure it all works'." (Chambers UK)

"Jon Goldfarb is a warm, principled person, with whom one can enjoy working even under stressful conditions. He takes a holistic approach to a client’s issues, and ensures that a proper balance is struck between defending one’s interests, and reaching a timely and efficient conclusion to a matter." (Legal 500)

"Jonathan is one of the finest lawyers and importantly, persons I have ever worked with. His focus on his client; command of his subject; and overall genuine nature is unparalleled." (LinkedIn Client Endorsement)

Jonathan is recommended within Legal 500 in commodities disputes as well as oil and gas.

London

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Jonathan's practice focuses on the development and finance of offshore energy projects, with a specialist focus on the LNG sector.

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Articles on wr.no

Key FSRU assets transferred by Dynagas to Energos Infrastructure

Wikborg Rein plays key role in development of operationally complex German LNG terminal

MARPOL Annex VI – EEXI AND CII – can your contracts cope?

ASBAGASVOY 2020 – a new voyage charter for gas tankers

Navigating floating LNG projects – hints and tips for owners