Cases & Deals

Shell Gas, Total Gaz, and Mitsui sell interests in Terminal de LNG de Altamira

Clients Shell Gas B.V., Total Gaz Electricite Holdings France, and Mitsui & Co., Ltd

Jones Day represented Shell Gas B.V., Total Gaz Electricite Holdings France and Mitsui & Co., Ltd in the sale of their indirectly owned interests in Terminal de Altamira de LNG, S.A de C.V. ("TLA") to a joint venture formed by Royal Vopak C.V. and Enagas S.A. TLA owns and operates a LNG import and re-gassification terminal located on the eastern coast of Mexico. Each of Shell Gas, Total Gaz and Mitsui owns its interest in Terminal de Altamira de LNG through a Dutch holding company, and Altamira LNG C.V., the joint venture between Royal Vopak and Enagas, will acquire 100% of the equity in each of the holding companies. Shell Gas indirectly owns 50% of the interests in TLA, and Total Gaz and Mitsui each indirectly own 25% of the interests in TLA.