Linklaters and White & Case have signed off the world’s largest limited recourse oil and gas financing deal, worth $5.3bn (£2.7bn).

The deal, which closed last week after eight years, saw Linklaters acting for Sakhalin Energy Investment Company (SEIC) on the phase-two financing of the $20bn (£10.2bn) Sakhalin 2 liquid natural gas (LNG) project in Russia.