Commonwealth LNG gets new CEO

Commonwealth LNG, the developer of the proposed 8.4 mtpa plant in Cameron, Louisiana, said it has named Farhad Ahrabi as its new president and CEO.

Ahrabi joins Commonwealth following a seven-year tenure at Sempra’s Cameron LNG, during which he oversaw the development, construction and subsequent operations of the 14.5 mtpa LNG facility in Hackberry, Louisiana.

He arrives at Commonwealth at a “key juncture” as the company finalizes permitting and commercial arrangements for its own LNG export facility to be located at the mouth of Calcasieu River, the company said in a statement.

“The depth of Farhad’s leadership experience, both at Cameron and the preceding 28 years with BG Group, will be of immeasurable value to our team as we move through the final stages of development and into construction and operation,” said Commonwealth founder and chairman, Paul Varello.

Earlier this year, Commonwealth signed a heads of agreement with a unit of Australian LNG player Woodside.

Under the deal, Woodside Energy Trading Singapore would buy 2 Mtpa of LNG over a period of 20 years, scheduled to begin in the second quarter of 2026.

Commonwealth LNG said last year it had expected to take a final investment decsion in the first quarter of 2022.

In January 2021, the LNG terminal developer teamed up with trader Gunvor to launch an offtake tender for volumes from its proposed liquefaction plant in Cameron.

The trading firm also committed to take up to 3 Mtpa of LNG offtake from the project.

In addition, Commonwealth LNG signed a preliminary Bangladesh supply deal with Summit Oil and Shipping (Soscl) for 1 Mtpa over a period of 20 years.

- Advertisements -

Most Popular

Cedar LNG FID pushed back

Canada’s Pembina Pipeline and the Haisla Nation have again postponed a final investment decision on their Cedar floating LNG...

Eni to ship Congo’s first LNG cargo

Italy’s Eni will soon ship the first liquefied natural gas cargo from its Tango floating LNG facility moored in...

Hyundai Samho to build LNG carrier quartet for $1.08 billion

South Korea's Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.08...

More News Like This

Update: Greece’s Alexandroupolis FSRU to receive first LNG cargo on Friday

Gastrade's FSRU-based LNG import terminal off Greece's Alexandroupolis will receive its first cargo of liquefied natural gas on Friday. "GasLog...

US pauses decisions on LNG export terminals

The Biden administration will "temporary pause" pending decisions for liquefied natural gas (LNG) export terminals. "My administration is announcing today...

Sempra’s Cameron LNG plant ships 700th cargo

US LNG exporter Sempra has shipped the 700th cargo of liquefied natural gas from its Cameron LNG export plant...

Commonwealth LNG inks carbon capture and storage pact

Commonwealth LNG has entered into a deal with OnStream CO2 for a carbon capture and storage solution at its...