Pace Global Announces New Director of LNG Services

<div class="xn-content"><p><span class="xn-location"><location value="LU/us.va.faifax" idsrc="xmltag.org">FAIRFAX, Va.</location></span>, <span class="xn-chron"><chron>Aug. 24, 2011</chron></span> /PRNewswire/ -- <a href="http://www.paceglobal.com/">Pace Global Energy Services</a> has named <span class="xn-person"><person>Pravas Sud</person></span> as Director, LNG Services. <person>Mr. Sud</person>, who will be located in Pace Global's <span class="xn-location"><location value="LU/us.tx.houstn" idsrc="xmltag.org">Houston</location></span> office, has over 10 years of executive-level experience in the U.S., <span class="xn-location"><location value="LR/asp" idsrc="xmltag.org">Asia</location></span>, and European markets. His expertise ranges from business development, global supply chain/logistics, and risk management to LNG negotiation/arbitrage/trading and natural gas origination.</p><p><span class="xn-person"><person>Jim Diemer</person></span>, Managing Director & Executive Vice President of Pace Global and head of the <span class="xn-location"><location value="LU/us.tx.houstn" idsrc="xmltag.org">Houston</location></span> office, commented, "We are excited to have Pravas join Pace Global. His experience will enhance our global business activities pertaining to the development and operational support of upstream natural gas and LNG projects. Pravas' international network is extensive and we fully expect to leverage these relationships to enhance our international presence."</p><p><person>Mr. Sud</person> previously worked at Energy Finance and LNG Commercial Development, Repsol YPF, Enron, UPS, and <org>The Hyundai Group</org> of <span class="xn-location"><location value="LC/kr" idsrc="xmltag.org">South Korea</location></span>. His past projects include negotiating commercial and tariff issues for the development of international energy infrastructure projects, managing the technical aspects of an offshore production platform project, leading LNG origination initiatives including origination, structuring, valuation, and closing of structured energy transactions for 1 Bcf/day of LNG & natural gas, and developing economic valuation & marketing models to maximize revenue for a re-gasification terminal.</p><p>In his new role at Pace Global, <person>Mr. Sud</person> will be working with energy, utility, and industrial clients worldwide on upstream natural gas and LNG projects.</p><p>Contact Information:<br /><br /><span class="xn-person"><person>Pravas Sud</person></span>, Director, LNG Services<br /><location>1415 Louisiana St.</location><br />Suite 3550<br /><span class="xn-location"><location value="LU/us.tx.houstn" idsrc="xmltag.org">Houston, TX</location></span> 77002 USA<br />Phone: 713.577.7809<br />E-mail: <a href="mailto:[email protected]">[email protected]</a></p><p><b>About Pace Global Energy Services </b></p><p>Pace Global is a leading <a href="http://www.paceglobal.com/">energy consulting and management company</a>. We combine deep industry knowledge with commercial, technical, financial, and regulatory expertise to help organizations maximize value and manage risk in today's complex energy and environmental markets. For more than 35 years and in over 60 countries, we have worked closely with our clients to define strategies and implement solutions. We offer a unique, integrated perspective our clients have come to trust, which we call the Power of Integration. For more information, please visit our website <a href="http://www.paceglobal.com/">http://www.paceglobal.com</a>. </p><p>CONTACT: <br /><br />Pace Global<br /><location>4401 Fair Lakes Court</location><br /><span class="xn-location"><location value="LU/us.va.faifax" idsrc="xmltag.org">Fairfax, VA</location></span> 22033<br />Contact: <span class="xn-person"><person>Michelle Cash</person></span><br />Phone: 703.227.8775<br /></p><p>This press release was issued through eReleases(R).  For more information, visit eReleases <a href="http://www.ereleases.com/">Press Release Distribution</a> at <a href="http://www.ereleases.com/">http://www.ereleases.com</a>.</p><p>SOURCE Pace Global Energy Services</p></div>