Venture Global LNG shuffles management
U.S. LNG export project developer Venture Global LNG has unveiled changes in the company’s corporate governance.
Michael Sabel will assume the role of CEO of the company starting October 1, 2020. Robert Pender will continue to serve the company as Executive Co-Chairman, a new officer position, supporting the company and the CEO on key strategic and financial matters.
Both Pender and Sabel will continue to serve on the company’s board of directors, as executive co-chairmen, Venture Global said in its statement.
Pender stated, “It has been an exhilarating decade working with Mike to create Venture Global LNG and to help reshape the global LNG industry. In particular, through Venture Global, we are so proud that we have materially reduced the cost of LNG at a critical moment of transition for the world’s energy needs.”
Venture Global LNG is currently constructing or developing 50 mtpa of production capacity in Louisiana.
The 10 mtpa Venture Global Calcasieu Pass facility is under construction at the intersection of the Calcasieu Ship Channel and the Gulf of Mexico. The 20 mtpa Venture Global Plaquemines LNG facility is expected to commence construction this year and is located south of New Orleans on the Mississippi River.
Venture Global LNG is also developing the 20 mtpa Venture Global Delta LNG facility, adjacent to Plaquemines.