On Oct. 8, the law firm Latham & Watkins LLP said it advised the lenders for the Cameron LNG project in Hackberry, La. The Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI) and a group of 29 commercial banks provided a US$7.4 million debt financing on the liquefaction export project, the firm added.

The financing was comprised of a JBIC loan of $2.5 billion and a commercial bank loan of $4.9 billion. NEXI provided insurance for $2 billion of the tranche, the firm said.

The project, which costs about $10 billion, is being developed by Sempra, GDF Suez, Mitsui & Co. and Japan LNG Investment LLC. Japan LNG Investment is jointly owned by Mitsubishi Corp. (OTC: MSBHY) and Nippon Yusen Kabashiki Kaisha (NYK), the firm said.

The project will have three liquefaction trains capable of exporting up to 12 million tonnes per annum of LNG.

The firm’s finance team included associates and partners in London, New York and Tokyo, and partners in Houston. New York partner Warren Lilien and associate Lily Sayagh represented the agents to the financing, the firm said, while New York counsel Veronica Relea and associate Katie Day represented the issuing bank in connection with the LC credit facility.

Latham & Watkins LLP is based in Los Angeles.