Magnolia LNG hires pair of key executives

By By Frank DiCesare / American Press

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.