Southern California Telephone & Energy is planning to build a four-train LNG plant on Monkey Island. (Special to the American Press)
Last Modified: Monday, April 14, 2014 11:08 AM
Magnolia LNG officials announced on Friday that two key executives have been hired to oversee the project’s permitting and its tolling agreements.
John Baguley will join Magnolia on May 1 as the company’s new chief operating officer. He will be responsible for the project’s engineering, construction and operations.
“As we migrate through the FERC process, he will be more involved in that process, so that we merge the FERC approval and permitting together with the engineering procurement and construction contracting work,” said Maurice Brand, president of Magnolia LNG.
Baguley is the former project director of KBR Inc., a global engineering, procurement and construction firm based in Houston.
Rick Cape will begin work as Magnolia’s chief commercial officer on June 1 and will be responsible for the project’s tolling agreements. Brand said Cape will work closely with Norman Marshall, the company’s senior vice president and chief financial officer, to make the project’s tolling agreements “bankable in the months ahead.”
Cape is the former president and CEO of Atlantic LNG Co., the world’s seventh-largest LNG producer, based in Trinidad and Tobago.
Both men will report to Brand and work out of Magnolia’s Houston office.
Magnolia’s estimated $3.5 billion project will be built on 120 acres near the intersection of Henry Pugh Boulevard and Big Lake Road in Lake Charles.
The project will consist of four LNG trains, each of which will produce 2 million tons per year of LNG, officials said. The LNG will be stored in two, 160,000-cubic-meter cryogenic tanks. The facility will also have a berth jetty where ships will dock to receive LNG from the plant for export.