Liquefied Natural Gas Ltd.: Executive Management Changes at Bear Head LNG
29.02.2016 | ABN Newswire
Halifax, Feb 29, 2016 - Maurice Brand, Managing Director and Chief Executive Officer of Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) (LNGL or Company), the parent company to Bear Head LNG Corporation and Bear Head LNG (USA), LLC (together Bear Head LNG), today announced a transition in project management of the Company's liquefied natural gas export facility under development in Nova Scotia.John Godbold, Chief Operating Officer and Project Director, and Ian Salmon, Chief Financial Officer for Bear Head LNG, respectively, are leaving to pursue outside opportunities.
Mr Brand stated, "We appreciate John and Ian introducing the Bear Head LNG project opportunity to LNGL. Since our acquisition in August 2014, they have been instrumental in guiding the development of Bear Head through a complex permitting and regulatory process and establishing a strong and experienced project team in Canada and the US."
"The Bear Head LNG project is well positioned to move forward on all the necessary commercial agreements. LNGL executives and I will be in Nova Scotia next month to speak with the many key stakeholders, including politicians, regulators, contractors, and the local team, to assure a smooth transition and to reiterate LNGL's strong commitment to see Bear Head LNG through to construction and operations."
Mr John Baguley, recently appointed as Chief Technical Officer for LNGL, will take over executive management responsibilities and work with the Bear Head LNG project team, and Mr Brand will continue as President of the Bear Head LNG project companies.
About Liquefied Natural Gas Ltd
Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) is an ASX listed company whose portfolio consists of 100% ownership of the following companies:
- Magnolia, a US-based subsidiary, which is developing an 8 mtpa or greater LNG export terminal, in the Port of Lake Charles, Louisiana, USA;
- Bear Head LNG Corporation, a Canadian based subsidiary, which is developing an 8 mtpa or greater LNG export terminal in Richmond County, Nova Scotia, Canada with potential for further expansion;
- Gladstone LNG Pty Ltd, a subsidiary which plans to develop the 3.5 mtpa Fisherman's Landing LNG (FLLNG) Project at the Port of Gladstone in Queensland, Australia; and
- LNG Technology Pty Ltd, a subsidiary which owns and develops the Company's OSMR® LNG liquefaction process, a mid-scale LNG business model that plans to deliver lower capital and operating costs, faster construction, and improved efficiency, relative to larger traditional LNG projects.
Contact
Mr. Maurice Brand, Managing Director & CEO
LNG Limited
+61 8 9366 3700
Mr. Mike Mott, Chief Financial Officer
LNG Limited
+1 713 815 6909
Mr. Rick Cape, Chief Commercial Officer
Magnolia LNG LLC
+1 713 815 6915
