Squire Patton Boggs served as lead development counsel on the Los Ramones II Sur Pipeline, which was awarded “Best Oil & Gas Financing,” “Best Loan,” and “Best Infrastructure Financing: Mexico” by LatinFinance, the leading magazine covering the financial markets and economies of Latin America and the Caribbean, at its annual Project & Infrastructure Finance Awards, held at The Pierre Hotel in New York City.
“Lenders, attorneys and borrowers had to navigate a number of unusual challenges in the midst of the country's landmark energy reform to bring Los Ramones II Sur to the finish line. The deal has paved the way for project financings under Mexico's new energy regime,” said LatinFinance editor in chief Katie Llanos-Small.
Squire Patton Boggs represented long-time client PEMEX on all four phases of the Los Ramones natural gas pipeline project. The overall project will extend approximately 1,000 km from Southern Texas to Central Mexico, and is expected to require a total combined investment of more than US$3 billion.
This is the fourth award the Squire Patton Boggs team has won in connection with its lead role on the historic pipeline project, including: “Project Finance Deal of the Year” by Latin Lawyer; “Latin American Midstream Oil & Gas Deal of the Year” by IJGlobal; and “Americas Oil & Gas Deal of the Year” by Project Finance International.
The Squire Patton Boggs team was led by Washington DC partners Alvaro Mestre and Paul O’Hop, with support from Kevin Levey, Jim Morgan, Loana Martin, who provided invaluable in-country support throughout the project, and Purvin Patel.
Squire Patton Boggs has continually represented PEMEX and several of its subsidiaries in their project development activities in Mexico since the mid-1990s.