Freeport LNG selects president, chief operating officer

Freeport LNG has chosen Sigmund Cornelius to succeed Charles Reimer as president and chief operating officer, effective Apr. 1, 2014. Cornelius’s employment at the company will commence Jan. 1, 2014.

Cornelius previously spent 30 years at ConocoPhillips Co. where he most recently retired as senior vice-president of finance and chief financial officer.

His career at the company included more than 14 years of US and international exploration and production operations and natural gas processing divisions. He served as president, global gas, responsible for all worldwide LNG for the company.

Cornelius previously sat on Freeport LNG’s board from June 2004 to August 2007.

Reimer will continue to serve as a member of the board and will stay on as advisor to Freeport LNG for at least 4 years after the final investment decision is made in Freeport LNG Expansion’s planned Train 3 expected by yearend 2014. He will assist in overseeing construction of the planned liquefaction facility.

FLNG owns and operates an existing LNG regasification terminal located near Freeport, Tex., that began operations in 2008. In 2010, Freeport LNG Expansion LP, a wholly owned subsidiary of FLNG, started development of an expansion of the existing LNG receiving facility to add natural gas liquefaction production and export capability.

Freeport LNG Expansion and FLNG Liquefaction last month were conditionally approved by the US Department of Energy to export additional volumes of domestically produced LNG to countries without a Free Trade Agreement with the US (OGJ Online, Nov. 15, 2013). Freeport in May received approval to export 1.4 bcfd of natural gas LNG from Freeport to non-FTA countries (OGJ Online, May 17, 2013).

Freeport LNG Development LP is a Delaware limited partnership whose sole general partner is split 50% between Michael S. Smith and ConocoPhillips.

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