Liquefied Natural Gas Ltd (ASX:LNG, OTC ADR:LNGLY) is progressing the Magnolia LNG project in the U.S.A and the Bear Head LNG project in Canada.
Liquefied Natural Gas Limited (LNGL) (ASX:LNG, OTC ADR:LNGLY) has made some executive management changes at the wholly-owned Bear Head LNG.
Bear Head LNG proposes to develop an 8 mtpa or greater liquefied natural gas export facility in Richmond Country on the Strait of Canso, Nova Scotia, Canada with potential for further expansion.
Maurice Brand, managing director and chief executive officer of LNGL, the parent company to Bear Head LNG Corporation and Bear Head LNG, outlined a transition in project management of the company's liquefied natural gas export facility.
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.
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 U.S.
"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."
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 Brand will continue as President of the Bear Head LNG project companies.
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