NEWS & MEDIA

Aberdeen, 31^st January 2023 – Ancala Midstream Acquisitions Limited (AMAL), the independent operator of midstream infrastructure, has announced the appointment of Alexis Fletcher as Chief Executive Officer with immediate effect.

Mr Fletcher brings extensive knowledge and experience of the UK and international upstream and LNG energy industry, joining AMAL from Dragon LNG where he served as Managing Director, seconded from Shell International Limited.

He takes over from Jim Halliday who has stepped down as CEO.

Mr Halliday had been CEO of AMAL since the 2017 acquisition of the SAGE Terminal, SAGE pipeline and Beryl pipeline. He led the company through a critical stage of its evolution, laying a strong foundation for the business to meet the requirements of co-owners, customers and stakeholders.

Mr Fletcher said: “AMAL is a leading midstream company managing critical energy infrastructure for an expanding customer base. I am excited to work with the team to continue to deliver exemplary service for our co-owners and customers while playing an increasingly critical role in the UK’s energy transition.”

Lee Mellor, Partner at Ancala Partners said, “Having worked with Alexis in his role as CEO of Dragon LNG, where he oversaw the safe operation of the plant and led major initiatives including a plant turnaround and development of onsite renewable generation capacity, we are delighted he is now joining AMAL to lead the business’ continued growth.

“On behalf of the AMAL board, I would like to thank Jim Halliday for his significant contribution to the company over the past six years.”

About Alexis Fletcher:

Alexis joins Ancala Midstream Acquisitions Limited (AMAL) from Shell International where he spent over 20 years in a career spanning technical, commercial and governance roles across the oil and gas value chain, with a particular focus on LNG.  Alexis was appointed Managing Director of Dragon LNG in 2019, one of the UK’s three LNG import terminals, prior to which he led the Brunei LNG asset management team as a non-executive director and shareholder representative of production and shipping assets.  Previous roles in Italy, The Netherlands, the Russian Federation and Singapore, included internal audit, commercial development, project management and downstream distribution.

About Ancala Midstream

Ancala Midstream acquired 100% of SAGE North Sea Limited (SNSL), which held Apache’s 30.28% share of SAGE pipeline and terminal and 60.58% of the Beryl Pipeline in 2017. SNSL operates as a wholly-owned subsidiary of Ancala Midstream.

The SAGE system comprises a 323-kilometre, 30-inch bore pipeline and a gas processing terminal. Gas is transported through the SAGE pipeline and processed in the SAGE terminal from multiple fields across the UK and Norwegian sectors of the North Sea.  The SAGE terminal also processes gas received by way of the Britannia pipeline which serves the Britannia field and its satellites.

About Ancala Partners

Ancala is an experienced and entrepreneurial investor in critical mid-market infrastructure. Founded in 2010 as an independent investment manager, Ancala adopts a unique approach combining differentiated investment sourcing with active asset management.

Ancala invests in a broad range of infrastructure sectors, focusing on assets which have downside protection and strong earnings visibility. With an emphasis on proprietary opportunities which have arisen from unique situations, Ancala leverages deep sector knowledge and operational capabilities, combined with a strong network developed through decades of operating in the European infrastructure market, across all its investments. This enables the firm to develop assets for the long term and deliver superior value to investors.