Addleshaws steers Dutch gas import terminal project

Addleshaw Goddard has bagged the lead role ­acting on the e745m (£591.86m) project financing of a Dutch liquefied ­natural gas import terminal.

The firm scored the instruction for Gate terminal – a joint venture of Dutch oil storage firms Vopak and Gasunie – through former Freshfields Bruckhaus Deringer Amsterdam partner Andrew Petry, who joined Addleshaws in January 2008.

Petry said: “I was based in the Netherlands for five years with Freshfields and I acted for Vopak in 2005. They remembered me when this deal came up and ­recommended me.”

The transaction was a limited-recourse project financing by a club of 10 mandated lead arrangers represented by ING Bank, which was advised by Ashurst project finance partner Philip Thomson, assisted by NautaDutilh.

Ashurst project finance partner Nick Avery represented the European Investment Bank, which was one of the senior lenders.