Liquefied Natural Gas Ltd Stock Market Press Releases and Company Profile
Appointment of Key Executives for the Magnolia LNG Project
Appointment of Key Executives for the Magnolia LNG Project

Perth, April 8, 2014 AEST (ABN Newswire) - Liquefied Natural Gas Limited (googlechartASX:LNG) (googlechartLNGLY:OTCMKTS) is pleased to announce the appointment of John G. Baguley as Chief Operating Officer and Rick R. Cape as Chief Commercial Officer for the Company's wholly owned subsidiary Magnolia LNG, LLC (MLNG), which is based in Houston, USA.

Both executives will report directly to the President of MLNG, Maurice Brand.

John G. Baguley has over 30 years' experience with the global engineering, procurement and construction (EPC) company, KBR, Inc., including the last 13 years as a Project Director in the delivery of front end engineering design and EPC services for major liquefied natural gas (LNG) plants and projects in Indonesia, Australia, Canada, China, Taiwan and Malaysia.

In addition to his project roles, John has also supported KBR in a corporate role as Vice President, LNG Development and is currently Vice President, Project Management in KBR's Gas Monetization Business Unit.

John has a proven record of bringing innovative projects and concepts successfully into operation. His earlier career experience with ethylene plant cold box system designs, ammonia plant NH3 refrigeration systems and combined cycle compressor drive facilities aligns with the OSMR(R) process elements that will be used for the Magnolia LNG Project. John is a US citizen and has a Bachelor of Science (BS) in Chemical Engineering from Michigan State University. John will commence with MLNG on 1 May 2014.

Rick R. Cape has over 30 years of leadership experience in the oil and gas industry, with some 20 years with the BP group in the USA, UK, Australia and Caribbean. In 2002, Rick was elected by the shareholders of the one of the world's largest producers of LNG, Atlantic LNG Company (Atlantic LNG) of Trinidad and Tobago, as President and CEO to lead the growth of Atlantic LNG from one LNG train to its current four-train, 15mtpa capacity. The Atlantic LNG project is often cited as the breakout project of the late '90's in terms of driving down the installed capital costs per tonne of output.

Prior to his appointment with Atlantic LNG, Rick was the Managing Director of Kwinana Refinery for BP in Western Australia; Head of Refining & Marketing Performance Management for BP during the integration of BP and Amoco; Head of International LPG Trading; VP of BP America responsible for commodities trading compliance; and, a leader in other operating and staff roles in refining, marketing, and trading in the US. Rick currently serves as an Advisory Board Member for Evolve Partners in Houston, an operations consultancy serving energy and heavy process industry clients; and as an Industrial Advisor to EQT Partners, a private equity firm in New York City. Rick is a US citizen, and holds a Master's degree in Business Administration from Harvard University. Rick will commence with MLNG on the 1 June 2014.

Company Managing Director and President of Magnolia LNG Comments

Maurice Brand, the Company's Managing Director and President of MLNG said "The appointment of John and Rick represents the culmination of an extensive industry review and assessment process. Both candidates provide MLNG with outstanding executive leadership capabilities. They complement each other with their expertise in development, technical, engineering, construction, operations, commercial, financial and stakeholder relationships across the spectrum of community and Government regulations."

"The Board of the Company and MLNG are very pleased that Rick and John are able to join us in their important roles. I am extremely confident they will contribute to the significant momentum that is now gathering for the Company to execute and deliver the Magnolia LNG Project into commercial operations on schedule. With the addition of their leadership, experience and expertise we are confident our MLNG team is well positioned to realize our vision of rapidly becoming a safe and reliable producer of LNG in response to the needs of our customers both domestically and globally."

About the Magnolia LNG Project

The Magnolia LNG Project is 100% owned by Magnolia LNG, LLC. The project comprises the proposed development of an 8 mtpa LNG project on a 116 acre site, in an established LNG shipping channel in the Lake Charles District, State of Louisiana, USA.

The development is based on the development of 4 x 2 mtpa LNG production trains using the Company's wholly owned OSMR(R) LNG process technology and the completed LNG plant front end engineering design of the Company's Gladstone Fisherman's Landing LNG Project.

The business model being adopted for the Magnolia LNG Project is to provide liquefaction services to LNG Tolling Parties who pay a monthly fixed capacity fee, plus all LNG plant operating and maintenance costs. In addition, each LNG Tolling Party is responsible for supplying and transporting gas to the Magnolia LNG Project at its own expense.

For further information on the Magnolia LNG Project, please see its website:
http://www.magnolialng.com


About Liquefied Natural Gas Ltd

Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) (LNGL) is an ASX listed company whose portfolio consists of 100% ownership of the following companies:

- Magnolia LNG, LLC (Magnolia LNG), a US-based subsidiary, which is developing an eight mtpa or greater LNG export terminal, in the Port of Lake Charles, Louisiana, USA;

- Bear Head LNG Corporation Inc. (Bear Head LNG), a Canadian-based subsidiary, which is developing an 8 – 12 mtpa LNG export terminal in Richmond County, Nova Scotia, Canada with potential for further expansion;

- Bear Paw Pipeline Corporation Inc. (Bear Paw), which is proposing to construct and operate a 62.5 km gas pipeline lateral to connect gas supply to Bear Head LNG; and

- LNG Technology Pty Ltd, a subsidiary which owns and develops the Company's OSMR® LNG liquefaction process, a midscale LNG business model that plans to deliver lower capital and operating costs, faster construction, and improved efficiency, relative to larger traditional LNG projects.

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