EIG hires Shell’s Venter as CEO of its LNG unit

US-based energy investor EIG said it has named Shell’s De la Rey Venter as chief executive officer of its LNG unit MidOcean Energy.

In addition, Venter joined as a managing director of EIG, the Washington-based firm said in a statement.

Venter is a 25-year industry veteran with global operating, dealmaking and business leadership experience in the mining, upstream and LNG sectors, the statement said.

Among other roles, he served as executive VP of integrated gas ventures, responsible for the majority of Shell’s LNG and natural gas assets, and previously also as Shell’s global head of LNG.

He will be based in EIG’s London office.

MidOcean is an EIG-controlled LNG company seeking to create a diversified “pure play” integrated LNG portfolio of high-quality operating LNG projects with strong existing cash flow, the statement said.

“LNG is a key enabler of the energy transition and is increasingly a geopolitically strategic energy source,” R. Blair Thomas, EIG’s chairman and CEO said in the statement.

“EIG has long been a key capital provider to the sector and has already invested in nine LNG projects, globally, involving both liquefaction and regasification. Adding someone of De la Rey’s caliber to lead MidOcean further demonstrates our commitment to LNG and the energy transition, he said.

- Advertisements -

Most Popular

US to increase LNG supplies to UK under new deal

The US will boost supplies of liquefied natural gas (LNG) to UK terminals under a new deal revealed on...

Adani, TotalEnergies nearing completion of Dhamra LNG terminal in India

India's Adani and France's TotalEnergies have almost completed their Dhamra LNG import facility located in Odisha, on India’s east...

Trinidad, Shell, BP move forward with Atlantic LNG restructuring plans

Trinidad and Tobago has signed a restructuring deal with the shareholders of LNG producer Atlantic LNG, including Shell and...

More News Like This

Trinidad, Shell, BP move forward with Atlantic LNG restructuring plans

Trinidad and Tobago has signed a restructuring deal with the shareholders of LNG producer Atlantic LNG, including Shell and...

Shell, Alfa Laval to develop GCU for hydrogen carriers

A unit of LNG giant Shell and Sweden's tech firm Alfa Laval are joining forces to develop a new...

Shell to purchase Danish biogas producer Nature Energy for about $2 billion

LNG giant Shell said it would buy 100 percent shareholding of Denmark-based biogas producer Nature Energy Biogas for nearly...

GSI delivers another LNG-fueled tanker to Bocomm Leasing

China’s Bank of Communications Financial Leasing Co (Bocomm Leasing) has taken delivery of another LNG-powered tanker which will go...