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Local Myanmar Issues for LNG to Power Projects

Online Webinar Event (Duration: 1 hour)

LNG remains at the very forefront of Myanmar’s ever increasing problematic lack of electric power. After running a tender for 4 temporary power projects from LNG and gas, won by VPower, the press keeps reporting on more, additional or alternative LNG projects near Thilawa and elsewhere. In this unique live webinar, the VDB Loi team that secured 100% of Myanmar’s MIC permits in the electric power sector in 2019, shares its insights on some of the key local legal, permitting, land and tax issues they have encountered assisting sponsors with LNG projects in Myanmar in recent years.

HIGHLIGHTS

  • Pipelines and transmission lines over state and private land: How are the approvals formalised? What has been the practice?
  • Update on sovereign guarantees: Which authorities are now required to be involved?
  • What does the MIC require for MIC permits in the power sector? Update on new practices based on actual experiences
  • Which tax “traps” do you need to be aware of for an LNG project?
  • The draft LNG licensing regulation: a look ahead

PROGRAM

LNG remains at the very forefront of Myanmar’s ever increasing problematic lack of electric power. After running a tender for 4 temporary power projects from LNG and gas, won by VPower, the press keeps reporting on more, additional or alternative LNG projects near Thilawa and elsewhere. In this unique live webinar, the VDB Loi team that secured 100% of Myanmar’s MIC permits in the electric power sector in 2019, shares its insights on some of the key local legal, permitting, land and tax issues they have encountered assisting sponsors with LNG projects in Myanmar in recent years.

  1. Introduction
  2. Selected hot regulatory issues for LNG to Power projects
    • MIC Permit aspects: new practices and lessons learned
    • One or two onshore project companies?
    • One or two MIC permits?
    • Regulations affecting LNG
  3. Some key issues related to the project sites
    • Land rights for pipelines and transmission lines
    • Port terminal leases: practical experience and legal aspects of subleasing or re-assigning use of the site
  4. Financing issues
    • Sovereign guarantees update
    • Update on how to register security onshore
  5. Tax planning
    • Tax treatment of an LNG to Power supply chain
    • Key tax issues to watch out for
  6. Q&A

VDB LOI’S EXPERIENCE IN MYANMAR LNG TO POWER:

VDB Loi is a leading firm “the largest law firm in Myanmar” ([publication name]) is widely recognised for its unrivalled experience in Myanmar’s power sector. The firm worked on 6 out of 6 power deals signed in 2016-2018, has been engaged by 6 out of 6 sponsors of Myanmar’s priority hydropower projects, and secured MIC permits for 100% of the IPP projects approved by MIC in 2019. We worked on more than a dozen planned LNG or LNG2Power projects, some very advanced or having received NTPs, in Ayawaddy, Thanintharyi, Yangon, Rakhine and Mon state. We excel at land and various regulatory issues, securing MIC permits, Myanmar law project documentation, Myanmar law financing and security aspects, and tax matters.

Speakers

Edwin Vanderbruggen
Senior Partner
VDB Loi

Edwin is the senior partner of VDB Loi and a leading foreign legal advisor living in Myanmar since 2012. A frequent advisor to the Government on transactions and privatizations in energy, transportation and telecom, he is widely recognized for his “vast knowledge” (Legal 500) and his ability “to get difficult things through the bureaucracy ” (Chambers, 2016). He advises international financial institutions on their largest Myanmar transactions, oil and gas supermajors, a greenfield multi- billion US$ telecom project and the Japanese Government on the Thilawa SEZ. He assisted two newly licensed foreign banks setup in Myanmar, acted for the sponsor of an 800MUS$ urban infrastructure PPP project and worked on 6 out of 7 power deals inked in 2016.

Charles Magdelaine
Counsel
VDB Loi

Charles is a lawyer qualified to practice in Paris and educated in France, the United States and China. He has extensive experience in Southeast Asia where he has worked on a wide range of energy and infrastructure projects, as well as on regulatory reforms, notably on PPP projects. He is currently advising a wide range of sponsors on renewable and non-renewable power projects.

Marc Maung
Manager
VDB Loi

Marc Maung has over 8 years of professional experience in business development and project management for various businesses, including trading and distribution, manufacturing, logistics, agriculture, energy, and infrastructure development. He graduated with a Bachelor of Business Management Degree in Finance from Singapore Management University. He has worked both in Myanmar and overseas, and with many international companies on energy and infrastructure projects.

Ngwe Lin Myat Chit
Director
VDB Loi

Ngwe Lin has a master’s degree in finance from Umea University in Sweden and a bachelor degree in Commerce from the University of Newcastle Australia. She has extensive experience in energy, communications and foreign investment She is a Manager in our Tax team, advising mostly multinational clients in a wide range of industries.

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EVENT DETAILS

DATE:
January 31, 2020
TIME:
Yangon: 1.00pm | Bangkok: 1.30pm | Singapore, Hong Kong, Malaysia: 2.30pm | Seoul, Tokyo: 3.30pm
VENUE:
Online Webinar Event