Seven Generations (7G) has announced that it has appointed Senior Midstream Executive, Tim Stauft, as Senior Vice President and Chief Executive Officer (CEO) of the company's market development division.
This division is focused on identifying, evaluating and expanding new markets for 7G's growing liquids-rich natural gas and natural gas liquids production.
Mr Stauft will join Charlotte Raggett, 7G's Vice President, Midstream Business Development, in the assessment and pursuit of new markets for the company's production.
Marty Proctor, 7G's President and Chief Operating Officer (COOO), said: "Our Kakwa River project has demonstrated the capacity to grow and thrive in North America's oversupplied natural gas market through the delivery of low-cost natural gas, condensate and natural gas liquids to available markets. Tim and Charlotte bring decades of experience and leadership that will help 7G evaluate and advance opportunities along the value chain for the company's growing production. The magnitude of our competitive resource base places Seven Generations in a unique position to potentially anchor market development initiatives such as gas-to-liquids conversion, electrical power generation, petrochemical manufacturing, as well as liquefied natural gas (LNG) and liquefied petroleum gas (LPG) export opportunities."
Mr Stauft added: "We recently acquired a minority interest in, and entered into a development agreement with, Vancouver's Steelhead LNG to evaluate the potential for exporting Canadian natural gas and natural gas liquids to Pacific markets. If Canadian LNG begins to replace coal for the generation of electricity in Asia, the result could be net lower carbon emissions globally. We continue to assess and advance discussions with a variety of entities on additional market opportunities that could potentially add value to our liquids-rich natural gas resources."
Read the article online at: https://www.lngindustry.com/liquefaction/24112016/seven-generations-hires-executive-to-head-market-development/