Squire Patton Boggs has advised the CEZ Group on its long-term access agreement to an LNG regasification terminal to be constructed and operated by the Hanseatic Energy Hub in Stade, Germany. Dentons reportedly advised HEH.
The CEZ Group is the largest utility company in Central and Eastern Europe, according to the firm.
“CEZ signed a package of terminal access documents with HEH in November 2023. It is CEZ’s first long-term LNG transaction aimed to secure the supply of diversified natural gas to the Czech Republic. CEZ signed a 15-year shipper agreement, with an option to extend the term to 25 years, locking in the capacity to provide more than a quarter of the country’s current annual gas," Squire Patton Boggs reported.
The Squire Patton Boggs team included Partner Vladimir Polach and further team members in Sydney and Berlin.