Appointment of Third US-Based Non-Executive Director
Perth, Dec 7, 2015 AEST (ABN Newswire) - Liquefied Natural Gas Limited (
ASX:LNG) (LNGLY:OTCMKTS) (LNGL or the Company) is pleased to announce the appointment of Philip D Moeller as a Non-Executive Director of LNGL with effect from 7 December 2015. Philip is the Company's third US-based Non-Executive Director following the appointments of Paul Cavicchi in October 2014 and Mike Steuert in February 2015.
Former Commissioner Philip Moeller left the Federal Energy Regulatory Commission (FERC) in October 2015 as the second-longest serving member in the history of FERC. He left office as the only person in the federal government in a Senate-confirmed position who was nominated by both President George W. Bush and President Barack Obama.
While serving on the Commission he focused on policies that encourage the construction of additional electric transmission and interstate natural gas infrastructure and policies promoting well-functioning wholesale markets. He was a national leader in promoting improved coordination between the electric industry and the natural gas industries as the United States moves toward burning significantly more natural gas to meet electricity demand.
Prior to serving on the Commission he headed the Washington office of Alliant Energy, worked in the Washington office of Calpine Corporation, and served on the Washington, D.C. staff of Senator Slade Gorton from his home state of Washington. Previously he was the staff coordinator of the Washington State Senate Energy, Utilities and Telecommunications Committee in Olympia, Washington.
Phil was born in Chicago and raised on a ranch near Spokane, Washington. He is a graduate of Stanford University in Stanford, California.
LNGL Chairman Richard Beresford said "We are honoured to have someone of Philip's recent energy regulatory and US Government background join the LNGL Board. His experience and knowledge of US Government policy and interaction with other key Government Departments will be very important in achieving the Company's growth ambitions. Being based in Washington DC will also enable him to interact regularly with our corporate and project teams in Houston."
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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