Stephen Davis Discusses LNG Export Financing with Houston Business Journal
Stephen Davis, a partner in Akin Gump’s energy practice, is quoted in a Houston Business Journal article that looks at the growing number of approvals granted to Houston companies to export liquefied natural gas (LNG).
Davis discussed the sources of funding for the various LNG projects, which, he said, can include one’s parent company. He added that the “key to obtaining financing is having strong ‘cash flow documents,’ meaning either the long-term contracts to acquire capacity in the LNG liquefaction facility or the long-term LNG sale and purchase agreements.”
Davis’ practice includes representing buyers, sellers, financial institutions, private equity investors and others in transactions such as LNG projects.