Commonwealth LNG, a unit of Commonwealth Projects and the developer of the proposed 8.4 mtpa plant in Louisiana, said that George Nemeth has joined the company as its chief commercial officer.
According to a statement by Commonwealth LNG, Nemeth has more than 20 years of experience commercializing gas and marketing and trading LNG.
He began his energy career with ExxonMobil working on projects around the world prior to moving to the trading side of the business to launch LNG trading desks at Merrill Lynch Commodities, Société Général and Koch Supply & Trading.
Over the past eight years, Nemeth has directed LNG business development initiatives for AES Corporation and, more recently, Sempra Infrastructure, Commonwealth LNG said.
Farhad Ahrabi, Commonwealth’s CEO and president, said, “George has an impressive amount of recent and relevant experience in leading origination efforts and SPA negotiations of export projects.”
“His insight and perspective are an ideal match to lead the commercialization and marketing efforts for Commonwealth LNG,” Ahrabi said.
In November last year, Commonwealth LNG received approval from the US Federal Energy Regulatory Commission to build its facility in Louisiana.
Prior to that, Commonwealth LNG finalized a supply deal with Australian LNG firm Woodside in September.
The deals are for the supply of up to 2.5 mtpa of LNG over 20 years to Woodside Energy Trading Singapore from Commonwealth’s LNG export facility.
Commonwealth LNG is planing to build the 8.4 million tonnes per annum (mtpa) liquefaction and export facility on the west bank of the Calcasieu Ship Channel at the mouth of the Gulf of Mexico near Cameron, Louisiana.
The facility also includes six 50,000-cbm LNG storage tanks, one jetty with the capacity to service vessels from 10,000 cbm to 216,000 cbm, and a pipeline.
According to Commonwealth LNG’s website, the firm is targeting a final investment decision in the fourth quarter of 2023 and to begin operations in the fourth quarter of 2026.