MoFo represents Tokyo Gas on investment in Philippine LNG terminal

The LNG terminal will accelerate the ability to introduce LNG to the Philippines and to serve the natural gas requirements of existing and future gas-fired power plants in the Philippines, and is intended to play a critical role in supporting Philippine energy security and fostering a low-carbon society.

MoFo also represented Tokyo Gas on its initial entry into a joint development agreement with First Gen in respect of the project in 2018, and its subsequent entry into a joint co-operation agreement with First Gen in respect of the project in 2020.

Closing of the transaction is subject to certain conditions, including the procurement of relevant government approvals. The transaction is expected to close in 4Q24.

The MoFo team advising Tokyo Gas was led by Tokyo Partner, Mike Graffagna, and Tokyo Associate, Ganesh Vaheisvaran, with support from a wider team including Singapore Partner, Per Lindberg, and Singapore Associate, Lyna Luo.