Baker Botts LLP advised PAO Novatek with a team including Konstantin Litvinenko (Corporate M&A).
TotalEnergies SE, the world’s second largest liquefied natural gas (LNG) player, signed its Share Purchase Agreement with Novatek, the largest LNG producer in Russia, to acquire a 10% participation interest in Artic Transshipment LLC.
Arctic Transshipment is Novatek’s wholly owned subsidiary that will operate two LNG transshipment complexes currently under construction in the Kamchatka and Murmansk regions. The transshipment complexes are part of Novatek’s logistical chain to optimize the use of the Arc7 ice-class tanker fleet, with the aim to ensure efficient and cost-effective LNG transportation.
The cross-border Latham team was led by London corporate partner Simon Tysoe (Picture) with Moscow associate Leonid Lepold and London associate George Venables.
The Baker Botts team included Moscow-based Partner Konstantin Litvinenko, Senior Associate Natalia Mikheeva, and Associate Nikolai Gryzunov and London-based Partner Rob Butler and Senior Associate Tom Edwards.
Involved fees earner: Rob Butler – Baker Botts LLP; Nikolai Gryzunov – Baker Botts LLP; Konstantin Litvinenko – Baker Botts LLP; Natalia Mikheeva – Baker Botts LLP; Tom Edwards – Baker McKenzie; Leonid Lepold – Latham & Watkins; Simon Tysoe – Latham & Watkins; George Venables – Latham & Watkins;