Julia Czarniak represents financial institutions, investors, underwriters and sponsors in all aspects of project development and project finance, particularly in the energy sector (including oil and gas, petrochemicals, LNG and power generation-related matters) and other infrastructure and industrial projects.

Bio

Ms. Czarniak has handled complex project financings in the United States, Asia and the Middle East.

Ms. Czarniak has extensive experience structuring and negotiating joint ventures, project contracts and financing documents. She is representing or has represented:

  • PT Paiton Energy in a $2 billion Rule 144A/Regulation S project bond issuance. This was the first investment-grade and the largest rated amortising international bond issue for an infrastructure project in Asia since 2000. This transaction was named Best Investment Grade Bond for 2017 by FinanceAsia and Asia-Pacific Bond Deal of the Year for 2017 by Project Finance International;
  • Exxon Mobil Corporation on multiple oil and gas exploration and production initiatives, including its $3 billion acquisition of a 25 percent indirect interest in the Area 4 block of the Rovuma Basin offshore Mozambique from Eni S.p.A.;
  • the underwriters on three separate sovereign bond offerings by the State of Qatar, raising in aggregate in excess of $30 billion;
  • commercial lenders in connection with a $4 billion credit facility to Sasol for the construction of a petrochemical plant in Louisiana. This matter was named Americas Petrochemical Deal of the Year for 2014 by Project Finance International and North American Petrochemicals Deal of the Year by IJGlobal;
  • Citibank, N.A. and its affiliates in connection with a number of tax equity investment funds, including inverted leases, partnership flips and PACE transactions. The investments have been in the residential, commercial and industrial sectors;
  • Global Infrastructure Partners in its investment in a 1,029 MW natural gas-fired, combined cycle power generation facility to be located in Salem Township, Luzerne County, Pennsylvania;
  • lenders and underwriters on more than 20 separate project financings totaling over $30 billion, involving all aspects of gas and petrochemical projects by Qatar Petroleum, its subsidiaries and joint ventures, including integrated upstream gas and LNG projects (Ras Laffan I, Ras Laffan II and 3, Qatargas II, 3 and 4), $7 billion in financing for LNG vessels owned by Nakilat, and financings of petrochemical projects (Q-Chem I and Q-Chem II, Oryx and Qatalum);
  • Bank of America as lender in numerous renewable energy project financings, including a $1.4 billion loan by the U.S. Department of Energy for Project Amp — which was the world’s largest rooftop solar generation project at the time of its closing — and loans of up to $350 million to finance SolarStrong, a five-year plan by SolarCity to build and operate more than $1 billion in solar PV systems on U.S. military bases;
  • CMS Energy Corporation in its sale of a portfolio of generating assets in the U.S. and the Middle East to Abu Dhabi National Energy Company PJSC;
  • National Grid USA in its divestiture of Ravenswood Generating Station to TransCanada Corporation;
  • Paiton Energy and its sponsors in connection with the development and financing of the $1.5 billion Paiton 3 Project, a power plant in Indonesia. The financing was provided by JBIC and a consortium of commercial banks, and required complex intercreditor and collateral sharing arrangements with the lenders to the existing Paiton 7/8 Project; and
  • Schlumberger Limited in a $381 million financing for an eight-train gas compression facility in Venezuela.

Ms. Czarniak also works on general financing matters, including specialized structured financings, acquisition facilities, Rule 144A bond financings, and secured and unsecured letters of credit and loan facilities.

In 2017, Ms. Czarniak was named as a Rockefeller Fellow. She also serves on the Editorial Board of the International Energy Law Review.

Ms. Czarniak repeatedly has been selected for inclusion in Chambers Global and Chambers USA, where she is regarded as “an expert in her field,” and commended by clients for her ability to “think outside the box when it comes to structuring bespoke debt instruments.” Ms. Czarniak also is recognized in Chambers Global for Expertise Based Abroad in Qatar, for her regular involvement in Qatari project finance work. She also has been included in the Expert Guides edition of Women in Business Law for Project Finance in the United States.

Credentials

Education

  • J.D., Georgetown University Law Center, 1997 (Georgetown International Law Review)
  • M.A., Yale University, 1993 (Fox Scholarship)

Admissions

  • New York

Experience

  • Legal Intern, Export-Import Bank of the United States, Spring 1997
  • Legal Intern, Hogan & Hartson LLP, Moscow, Spring 1996

Julia A. Czarniak

Partner, Energy and Infrastructure Projects and Banking
julia.czarniak@skadden.com