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Former BG Group plc executive Martin Houston has formed liquefied natural gas (LNG) project developer Parallax Energy in Houston. The new company said Thursday that it has LNG projects and a gas supply and trading business in development, and has "formed strategic partnerships with world-class industry operators." Parallax has a partnership with upstream player Millennial Energy Partners. Houston, who is Parallax chairman, was BG Group's COO and executive director before retiring. "My partners [in Parallax] and I have been involved in many of the contemporary liquefied natural gas (LNG) projects developed globally in the last 20 years, and we are excited to launch that expertise in new ways," Houston said.

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