Jacob Panagi
Jacob is a Senior Associate in the Energy Transactions and Projects team, based in our London office.
Jacob maintains a broad and multi-disciplinary corporate, commercial and finance practice covering capital markets and finance, restructuring and mergers and acquisitions, especially in the context of energy, natural resources and infrastructure transactions and has advised lenders, sponsors, governments and contractors. Jacob has practised in London, Dubai (where he was seconded to a major multinational energy corporation), Moscow and Cyprus.
Experience Highlights
GNLQ in connection with the GNL Quintero LNG import terminal in Chile
New Fortress Energy in connection with the acquisition of Golar LNG Partners LP and Hygo Energy Transition Ltd. in Brazil
The lenders on the acquisition by Energos Infrastructure of 11 LNG vessels owned by New Fortress Energy (NFE)
GNA1 and GNA2 on all aspects of the structuring and project development and financing of two natural gas hub and power projects located at the Port of Açu, Brazil
The sponsor on the development of an LNG to power project to be located at the Port of Pecém, State of Ceará, Brazil
OnCorp on all aspects of the structuring and project development of an LNG storage and regasification terminal to be located at the Port of Suape, Brazil
Blackrock Renewables Power in relation to the development with Daimler and NextEra Energy of a charging network for medium and heavy duty battery electric and hydrogen fuel cell vehicles across the US
The lenders (ECAs and commercial banks) in relation to the SNE deepwater oil project in Senegal
An airport company as issuer of over €1.1 billion bond loans made available to it for the management and operation of a Greek airport
Multilateral agencies, export credit agencies and a syndicate of commercial banks on the US$4.4 billion financing for a copper and gold project
The initial purchasers in connection with an international E&P company’s offering of US$750 million 8.500% senior secured notes due 2033 and certain banks as mandated lead arrangers on the US$350 term loan facility entered into between, among others, an affiliate of the issuer as borrower
The commercial banks on the financing of an oil and gas project in Nigeria, sponsored by an international oil and gas company and a Nigerian petroleum company
The commercial banks on the reserves-based financing of an oil and gas project in Nigeria, sponsored by an international oil and gas company and a Nigerian petroleum company
The international and Nigerian lenders and a government finance institution in the financing for a Nigerian natural gas liquids project, a US$1.2 billion expansion financing of existing NGL extraction facilities in offshore oil and gas fields in Nigeria, sponsored by an international oil and gas company and a Nigerian petroleum company
The issuer on the potential financing of an FPSO unit to be chartered to a state-owned oil and gas company
A Brazilian company as issuer in connection with the US$850 million offering of project bonds pursuant to Rule 144A/Reg S in respect of an FPSO unit
A leading infrastructure credit fund and its co-investors on a US$230 million holdco facility made available to a consortium in connection with an FPSO project in Brazil
An international energy company on its farm-out interests in Latin America and replacement supply arrangements
The buyer on the purchase of an offshore oil & gas group with substantial interests in oil & gas fields in Western Siberia, Russia
A global oilfield services company in relation to its new JV relationship with a Nigerian indigenous oil and gas development company for an offshore oil development, including a novel “synthetic equity” remuneration model
A European major on its multi-US$billion acquisition of a stake in a super-giant Russian gas field
A European major exploration and production company on standardisation of a suite of M&A contracts
A Brazilian investment fund on a financing to an energy company to help complete construction of a 630 MW power plant in Brazil and related arrangements in respect of an adjacent LNG import terminal
A sponsor on the development of two LNG storage and regasification projects in Germany
The sponsor on the development of an LNG storage and regasification project to be located in the Netherlands
The sponsor on the development of an LNG storage and regasification project to be located in the Republic of Ireland
Arke in connection with the development of the Marlim Azul gas terminal in Brazil
A supermajor in connection with LNG Sale and Purchase Agreements with two state-owned enterprises as offtakers
The lenders to a major Indian conglomerate on the refinancing of several very large ethane/LPG carriers
A multinational integrated energy company on the project development and financing of an LNG bunkering project in Oman
The lenders in connection with the Woodfibre LNG liquefaction project in Canada
A European national oil company on the monetization of a major offshore natural gas discovery including midstream infrastructure development
The lenders (including ECAs and Islamic finance institutions) in connection with the approximately $12.5 billion financing for the Sadara integrated petrochemicals complex in the Kingdom of Saudi Arabia
JBIC, PIF and the lenders on Phase II of Sumitomo Corporation’s $5.2 billion expansion project for the PetroRabigh Refining and Petrochemicals Project in Saudi Arabia
A prominent US investment bank on the potential acquisition of one of the largest refineries in Southern Europe in terms of production capacity and structural complexity (including in respect of related inventory financing)
A bidder on its proposed acquisition of a 3GW portfolio of solar, wind, thermal, storage and RNG assets in the US and a c.8GW mid-to-late-stage development pipeline (comprising generation and storage projects) from a renewable energy business
The lenders in relation to the financing and project documentation for the engineering, procurement and construction of two greenfield 130MW (in aggregate) solar power plants in Colombia
A French renewable energy producer on the acquisition of one of the world’s largest solar energy companies
The lenders on the financing for the 1.1GW Seagreen offshore wind farm in the UK
Multilateral agencies in connection with the US$400 million financing of a wind project in Egypt
The sponsor in relation to the financing and project documentation for the engineering, procurement and construction of a hydrogen and green-steel manufacturing facility in Europe
The sponsor in connection with the potential development of a green hydrogen facility in Chile
The sponsor on the proposed development and financing of the conversion, design, construction and operation of a pipeline from natural gas to carbon dioxide to transport gaseous carbon dioxide and the permanent geologic sequestration of carbon dioxide
The lenders in connection with the proposed financing for the design, construction and operation of a seamless pipe mill production facility to be located in the USA
An equity investor on its equity investment in a hydrogen-to-e-methanol project to be located in Northern Europe
The sponsor and project company on a proposed 6 MTP green integrated steel plant in Abu Dhabi
The financing parties in connection with the US$980 million financing for the acquisition of a portfolio of energy assets in Chile by an energy generation company
Size of Wales project in relation to the Mbale Trees programme in Uganda
The sponsor in connection with the potential development of a desalinisation plant in Chile
The seller in connection with the multi-US$ billion sale of a crude oil port
The buyer in connection with the multi-US$ billion indirect acquisition of a substantial stake in the operator of one of largest port in terms of cargo turnover
The lenders in connection with the secured structured US$200 million credit facility to a large privately-owned transportation and infrastructure group operating in Russia with strategic interests in rail transportation, port operations and infrastructure development
The security trustee and intercreditor agent on the GBP £1 billion financing of a rail company’s procurement of new rolling stock for a train network
A leading producer of silicon metal on the refinancing of its existing notes, the issuance of new senior secured notes and new equity issuance
European, Asian and African ECAs and commercial lenders on the second and third restructuring of a nickel and cobalt project in Madagascar
An investor on the acquisition of a gold mining licence in Sierra Leone
A key shareholder of the world’s leading potash producer in connection with a transaction involving the sale of bonds to certain strategic investors exchangeable into shares of the producer worth approximately US$3 billion
Credentials
- Harvard Law School, Custom Executive Training Programme, 2023
- University of Law Moorgate, LPC., 2014
- Durham University, LL.M., 2007
- Durham University, LL.B., 2006
- Jacob has previously been seconded to the Dubai regional headquarters of a multinational oil and gas company and assisted in day-to-day legal support for assets in the Middle East
- England and Wales
- English (Fluent)
- Greek (Fluent)
- Russian (Basic)
- Deals & CasesSeptember 13, 2024