Friday, October 24, 2014
Executive shakeup at Pacific NorthWest LNG
Mr. Kist's departure came in a short announcement from Pacific NorthWest LNG which outlined that he had tendered his resignation and left the company to return to his home and family in Alberta.
In the same announcement, Pacific NorthWest outlined that Mr. Michael Culbert a member of the Board of Directors of Pacific NorthWest LNG and the President and CEO of Progress Energy will be taking over in the role of acting President for Pacific NorthWest. ,
Dato' Wee Yiaw Hin, the Chair of Pacific NorthWest LNG's Board of Directors offered his praise for Mr. Kists work and contributions to the company.
“Under Greg’s leadership, the company was formed and continues to work towards a final investment decision this year. He leaves Pacific NorthWest LNG as a strong company with an excellent management team and a committed, dedicated group of employees. We wish him much success in Alberta and want to ensure continuity of leadership during this period of transition.”
The change at Pacific NorthWest LNG comes at a pivotal time for the company's plans for development of their Lelu Island terminal project.
In recent weeks, Pacific NorthWest has outlined a change in design to their project, reflective of concerns from those that have taken part in the Environmental Review process for the proposed development.
It was a move by the company that signalled its intention to continue to work on issues that are raised in the community regarding their terminal project.
The days heading towards the end of the month will also prove to be interesting for observers of the progress of the Pacific NorthWest proposal.
Earlier this month, Petronas the Malaysian owned parent company of Pacific NorthWest served notice of sorts, outlining their plans to re-address their investment plans by the end of the month.
With the energy giant looking for clarification from both the federal and provincial government in regard to tax regimes and other issues related to the larger LNG development picture.
You can review much of that background from our archive page here.