Commonwealth LNG has bolstered its administration ranks with the addition of trade veterans George Nemeth as Chief Industrial Officer, and Dan Fleischer as Senior Vice President, Finance. The strikes come as the corporate progresses towards closing funding determination (FID) on a 9.3 million tpy LNG export facility in Cameron, Louisiana.
Nemeth and Fleischer each come to Commonwealth LNG from Sempra Infrastructure, the place they held integral roles within the financing and business improvement of LNG export initiatives in Hackberry, Louisiana, and Port Arthur, Texas.
“Having beforehand labored with these people, I can attest to their depth of data and management expertise,” stated Commonwealth LNG President and CEO, Farhad Ahrabi. “Each are extensively identified and revered within the LNG trade. We’re extraordinarily happy so as to add their capabilities as we enter this important stage of approaching FID on our venture.”
Nemeth has greater than 20 years of expertise commercialising fuel and advertising and marketing and buying and selling LNG. He started his vitality profession with ExxonMobil engaged on initiatives around the globe previous to shifting to the buying and selling facet of the enterprise to launch LNG buying and selling desks at Merrill Lynch Commodities, Société Générale, and Koch Provide & Buying and selling. Previous to becoming a member of Commonwealth, he directed LNG enterprise improvement initiatives for AES Company and, extra lately, Sempra Infrastructure. He holds a bachelor’s diploma in economics from Rutgers College, in addition to an MBA from Thunderbird College of International Administration.
Fleischer additionally has prior expertise as an funding banker, technique marketing consultant, and an instrumental determine within the launch and progress of personal equity-backed corporations within the renewable vitality sector. This adopted his early vitality finance profession at Goldman Sachs and UBS Funding Financial institution. He holds an MBA from Stanford College’s Graduate College of Enterprise, a Grasp of Science with distinction from the London College of Economics, and an undergraduate diploma from Emory College in Atlanta.
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