HOUSTON, June 25,
2024 /PRNewswire/ -- Effective with the sale of his
company to Kimmeridge, Commonwealth LNG Founder and Executive
Chairman Paul Varello has announced
his retirement, capping an illustrious energy sector career
spanning more than five decades. Prior to establishing
Commonwealth LNG in 2014, he was Founder and Chairman of
Commonwealth Engineering and Construction, an engineering and
project management company. He also previously served as
Chairman and CEO of Sterling Construction Company; CEO of American
Ref-Fuel Company; and 18 years at Fluor Corporation, culminating in
the role of President of the Process Sector.
"Commonwealth LNG has always focused on developing a project
that brings exceptional value to the LNG industry," said
Varello. "I'm proud that our team will now be part of
Kimmeridge's broader strategy to provide reliable and sustainable
energy on a global basis."
"The technical challenges of an engineering career and a legacy
of successful projects around the world have been exciting" Varello
noted. "But I most value the countless relationships with
employees, customers, contractors, and other stakeholders who
brought those projects to fruition." He added, "In
Commonwealth LNG, we've attracted some of the best talent in the
business. I eagerly look forward to the success they'll
achieve within the comprehensive Kimmeridge energy strategy."
Commonwealth LNG Chief Executive Officer Farhad Ahrabi, who joined the company in 2022
following a seven-year tenure at Cameron LNG, will continue in his
current role under Kimmeridge ownership.
ABOUT COMMONWEALTH LNG
Commonwealth LNG is developing a 9.5 mtpa liquefied
natural gas (LNG) export terminal project located on the Calcasieu
River at the Gulf of Mexico near
Cameron, Louisiana. The project's
leadership team is committed to building a world-class LNG facility
while relentlessly focusing on safety, managing risk and achieving
best in class environmental standards.
Website: www.CommonwealthLNG.com LinkedIn:
https://www.linkedin.com/company/commonwealth-lng/
Media Inquiries
Lyle Hanna
Vice
President, Corporate Communications
Tel. 346 352 4444
Email: lhanna@teamcpl.com
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SOURCE Commonwealth LNG