Norton Rose Fulbright acts for JX Nippon in Malaysian LNG liquefaction deal

Global Business August 18, 2016

Global law firm Norton Rose Fulbright has advised JX Nippon Oil & Energy Corporation on its acquisition of a 10 per cent stake in Petronas LNG 9 Sdn Bhd (PL9SB), valued in excess of US $400 million.

PL9SB is a wholly owned subsidiary of Petronas.  As part of the transaction, JX and Petronas signed a marketing support agreement.

PL9SB owns the ninth LNG liquefaction train within the Petronas LNG Complex in Bintulu, Sarawak, Malaysia. The train, with a production capacity of 3.6 million tonnes per annum, is expected to commence commercial operations in the first quarter of 2017.

Norton Rose Fulbright partner Michael Joyce, who led the deal, commented:

“We were pleased to have assisted JX Nippon on this important regional acquisition that will further its interests in the LNG liquefaction industry. The deal reflects the bright future for the oil and gas sector in the Asia-Pacific, and drew from our experience in two of our global priority industry areas of energy and transport.”

Michael Joyce was assisted by Sydney-based senior associate Kathryn Martin. Our Sydney team worked with local Malaysian law firm Skrine to complete the deal.

For further information please contact:

Alex Boxsell, Senior Manager Corporate Communications, Norton Rose Fulbright in Australia
Tel: +61 (0)2 9330 8165   Mob: +61 (0)414 985 556

Notes for editors:

Norton Rose Fulbright 

Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

For more information about Norton Rose Fulbright, see