The law firm’s banking, infrastructure and energy, and resources teams helped Cooper Energy secure flexible terms that were in line with the energy company’s long-term requirements for the Sole Gas Project.
G + T also advised on the structuring of arrangements with energy infrastructure firm APA Group. The latter will acquire a gas processing plant, where the gas from Sole will be treated.
“We believe it will be a transformational deal and comes at a time when gas supply is a hot topic in Australia,” said banking and infrastructure partner Simon Lynch, who led the debt raising. “Our close relationship with Cooper Energy and understanding of its long-term strategy meant we were able to advise on all elements of financing the Sole Gas Project and ensure they have the flexibility they need for future projects.”
The project is expected to deliver a new gas supply to southeast Australia in 2019, according to Cooper Energy managing director David Maxwell.
Lynch and energy and resources partner Christopher FLynn led the transaction. They were supported by special counsel Rachel Jones; and lawyers Sachini Mandawala, Lindsay Crawford, Hannah Douglas, Kate Twomey, Tim Kennedy, Lester Lim Kok, Jessica Kim and Tian Lin.
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Corporate law firm Gilbert + Tobin (G+T) has advised a major energy firm on a $355m gas project that will create the first new source of gas supply across Australia’s east coast market in a number of years.