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Trade Veteran to Lead EIG-Managed LNG Firm
Washington–(ANTARA/Enterprise Wire)- EIG, a number one institutional investor to the worldwide vitality and infrastructure sectors, at the moment introduced that De la Rey Venter has joined the agency as Chief Govt Officer of MidOcean Power (“MidOcean”) and as a Managing Director of EIG. MidOcean is an EIG-controlled LNG firm searching for to create a diversified “pure play” built-in LNG portfolio of high-quality working LNG tasks with sturdy current money move. Mr. Venter is a 25-year trade veteran with international working, dealmaking and enterprise management expertise within the mining, upstream and LNG sectors. Amongst different roles, he served as Govt Vice President of Built-in Gasoline Ventures, accountable for almost all of Shell’s LNG and pure gasoline property, and beforehand additionally as Shell’s World Head of LNG. He will likely be based mostly in EIG’s London workplace.
“LNG is a key enabler of the vitality transition and is more and more a geopolitically strategic vitality supply,” stated R. Blair Thomas, EIG’s Chairman and CEO. “EIG has lengthy been a key capital supplier to the sector and has already invested in 9 LNG tasks, globally, involving each liquefaction and regasification. Including somebody of De la Rey’s caliber to steer MidOcean additional demonstrates our dedication to LNG and the vitality transition. We welcome De la Rey aboard and are excited in regards to the future that he’ll assist develop for MidOcean.”
Mr. Venter added, “EIG’s imaginative and prescient for MidOcean presents a compelling proposition for a world that can want LNG for a very long time to come back. We share a robust perception within the essential position of LNG, as a part of a household of low and no carbon gasses, to assist the world transition to a Internet Zero future. I look ahead to working with the staff to construct a enterprise of substance, based mostly on EIG’s in depth observe document in international LNG, and for this enterprise to have actual impression on this extremely related sector of the worldwide vitality trade.”
Mr. Venter first joined Shell in 2002. Along with his roles as EVP of Built-in Gasoline Ventures and World Head of LNG, he has held various positions globally, together with EVP Upstream Joint Ventures, EVP Gasoline & Energy Africa, and VP Business in Qatar. Mr. Venter has additionally been chargeable for Shell’s CCUS and Blue Hydrogen manufacturing themes. Mr. Venter holds an MBA with Honors from IMD in Switzerland, a Bachelor of Commerce diploma (Cum Laude) from the Northwest College and an Honors Diploma in Finance and Funding Administration (Cum Laude) from the College of Johannesburg, each in South Africa.
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