Asia/Pacific News
Singapore LNG CEO to Step Down
Singapore LNG Corp. (SLNG) CEO Neil McGregor has decided to step down from December 1, 2013 and will be replaced by John Ng, the company announced Friday.
McGregor has headed SLNG for four years, and has overseen the firm start commercial operation of Singapore's first receiving and exporting terminal for liquefied natural gas (LNG), at a cost of S$1.7 billion (USD $1.36 billion).
Ng was said to be a 30-year veteran from the energy sector, who recently stepped down as CEO of the YTL PowerSeraya Group.
"We are fortunate to have someone of John’s calibre and energy to take over from Neil, and to lead in continuing the good work achieved by the SLNG Team," said SLNG Chairman Bob Tan.
Commenting on McGregor’s departure, Chee Hong Tat, Chief Executive of the Energy Market Authority, said: "I would like to thank Neil for putting together and leading a strong team at SLNG that built our LNG terminal on time, within budget and with an excellent safety record.
"This is a significant achievement which has enhanced our energy security and opens up new possibilities for Singapore to buy gas from suppliers around the world.
"We also extend a very warm welcome to John, who brings with him many years of valuable industry experience. I am confident John would build on the strong foundations which Neil has established, and take SLNG to greater heights."
McGregor will remain on the Board of SLNG as non-executive director after he steps down.
