Australian Industrial Energy (AIE), the developers of Australia’s first FSRU installation, is set to appoint a new chief executive.

Present incumbent James Baulderstone is leaving the project as it moves into a new phase of its development, the company said in a statement.

AIE, which is backed by Fortescue Metals Group chairman Andrew Forrest, said it is now establishing an organisational structure to carry the project into its construction and operations phase.