Liquefied Natural Gas Limited (ASX:LNG, OTC ADR:LNGLY) has appointed Michael R. Mott as chief financial officer.
Mott will be based in Houston, Texas, and will take up the role from the 1st October 2014.Current chief financial officer Norman Marshall has been appointed group executive - strategic development, primarily focussed on securing Project Finance for the Magnolia LNG Project to facilitate financial close in mid‐2015.
The company's Federal Energy Regulatory Commission (FERC) approval process for the proposed 8 million tonne per annum Magnolia LNG export project located in Lake Charles, Louisiana, U.S is on track.
LNG Limited had last month finalised its acquisition of the Bear Head LNG project in Nova Scotia, Canada, from Anadarko Petroleum Corporation (NYSE:APC) for US$11 million.
This gives it a second North American LNG project that expands and diversifies its development pipeline.
The company also recently entered the S&P/ASX 200 Index, S&P/ASX 300 Index and S&P/ASX All Australian Index.
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