WFW, Stephenson Harwood advise on BW Singapore FSRU financing

Watson Farley & Williams and Stephenson Harwood law firms advised on an export credit agency backed US$216 million post-delivery financing of the BW Singapore FSRU deployed in Egypt. 

Singapore-based BW chartered the FSRU to EGAS in 2015 on a five-year deal, and the vessel has been in full operation since October 2015.

WFW advised Credit Agricole Corporate and Investment Bank as agent on the financing while BW was advised by Stephenson Harwood, a statement by WFW reveals.

The financing deal was backed by the Korea Trade Insurance Corporation (K-Sure).

The vessel built in 2015 by the South Korean shipbuilder Samsung Heavy Industries has a storage capacity of 170,212 cubic meters and a peak send-out capacity of 750 mmscfd.

LNG World News Staff