Victoria B. Salem is a partner in the Energy & Infrastructure group in Houston. With more than 15 years of experience in the energy sector, she has held senior positions at leading global energy companies and in private practice.
Victoria has experience in advising on complex commercial and financing transactions on a global scale, particularly in the energy and infrastructure sector, and her practice encompasses both the business and commercial aspects of LNG. Victoria has advised on transitions in North America, Latin America, the Middle East, Africa and Asia.
Liquefied Natural Gas
- A subsidiary of Cheniere Energy, Inc. (CEI) in connection with the development and financing of the Corpus Christi Stage 3 Expansion, consisting of seven “midscale” natural gas liquefaction trains and including a $4 billion senior secured term loan and a $1.5 billion working capital facility*
- CEI on a US$2.5 billion senior secured term loan*
- CEI on a US$1.25 billion ESG-linked revolving credit facility, the first such transaction for a US oil & gas company*
- CEI and its affiliates on over US$3 billion of notes issuances, including multiple inaugural bond issuances*
- Project developer on the upsizing and restructuring of a portfolio of approx. US$900 million trade finance facilities*
- Sabine Pass Liquefaction, LLC (SPL) on a US$1 billion senior secured revolving credit facility*
- Cheniere Energy Partners, L.P. (CQP) on a US$1 billion unsecured revolving credit facility*
- Eight export credit agencies from Japan, Australia, Korea, France, Germany and The Netherlands, and a syndicate of 24 commercial lenders, on a US$20 billion project financing of the Ichthys liquefied natural gas project in Australia sponsored by Inpex Corporation and Total SA*
- Export credit agencies, commercial banks and underwriters in connection with the US$13 billion debt financing of the Papua New Guinea Liquefied Natural Gas project. The export credit agencies involved in this financing are: Export Import Bank of China, Export Finance and Insurance Corporation, Japan Bank for International Cooperation, Nippon Export and Investment Insurance, SACE S.p.A. and Export-Import Bank of the United States*
Energy and Energy Transition
- Oxy Low Carbon Ventures in connection with an investment in NET Power, LLC, the developer of a low-cost, natural gas power system that generates zero atmospheric emissions and includes full carbon dioxide capture*
- Oxy Low Carbon Ventures in connection with an investment in Carbon Engineering Ltd., a Canadian clean energy company that removes existing atmospheric carbon dioxide through its Direct Air Capture (DAC) technology*
- Project sponsor in connection with the potential development and financing of a first-in-kind carbon capture utilization and sequestration project*
- Project sponsor in connection with the development of a 16 megawatt greenfield solar project within the US*
- Project sponsor in connection with the development and financing of a potential greenfield steam and power generation facility in Latin America*
- Project sponsor in connection with the sale of a portfolio of power assets (including coal fired cogeneration, natural gas fired combined cycle, natural gas fired reciprocating, oil fired combined cycle, and concentrating photovoltaic assets)*
Oil, Gas and Petrochemicals
- Project sponsor in connection with the potential development and financing of a greenfield, world scale, integrated petrochemical facility in the Middle East*
- Project sponsor in connection with the development and financing of a multi-billion dollar petrochemical facility in the Gulf Coast*
- Underwriters and commercial banks in connection with the potential expansion financing of an oil plant in Central Asia*
- Fortune 500 oil & gas company in connection with a US$3 billion unsecured revolving credit facility*
- Project sponsor in connection with the development of various capital projects within and outside the USA from Pre-FEED, FEED through execution, including: installation of offshore conductor supported platform, pipelines, umbilicals and other associated infrastructure; installation of gas compression, tank battery and water handling facilities*
Metals and Mining
- Project sponsor in connection with the development of a world-scale greenfield phosphate project in the Kingdom of Saudi Arabia and related joint venture*
- Project sponsor in connection with the development of a world-scale seamless steel tube plant in the Kingdom of Saudi Arabia*
- Project sponsor in connection with the proposed development of a world-class smelter in Latin America*
*Experience prior joining Clifford Chance
News and client work
Contact details
- Clifford Chance, Houston
- +1 832-200-2518
- Email me
- Follow me on LinkedIn
- Speaks English and French
- Practice area Global Financial Markets
Career and qualifications
- Amherst College (BA, phi beta kappa, magna cum laude with distinction) 2002
Professional bodies
- Association of International Energy Negotiators
- Women's Energy Network
- American Bar Association
- New York State Bar Association