Floating regasification specialist Rob Bryngelson is making a return to the LNG sector with a new Macquarie Capital-backed venture.

Bryngelson, who helped establish and later head up floating storage and regasification unit provider Excelerate Energy between 2007 and 2018, is taking on the role of chief executive at WaveCrest Energy.

The new company plans to develop, construct, own and operate regasification, power and downstream LNG infrastructure assets to supply energy to underserved markets.