Sale and Purchase Agreements
Client: Electricity Authority of Cyprus (EAC)
Brief: To provide an LNG supply agreement for the new gas industry in Cyprus.
The development and commercialisation of oil, gas and LNG projects often requires a level of investment or technical skill not possessed by the company, national authority or government sponsoring the project. Establishing a partnership, something which is common place in the upstream oil and gas industry, is a way of securing the required resources and skills (financial, technical or operational) to support and assist the development of the project, it also allows the project sponsor(s) to share the project risks and reward. Selecting the right partner(s) is crucial to the success of any project. ECC is able to formulate the partner selection framework, develop the Expression of Interest and Request for Proposal documentation, lead the partner due diligence and assist client in the final partner selection and negotiation of partnership agreements. Following partner selection, ECC is also able to support and facilitate the formation and start-up of joint partner organisation.
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