Macquarie-Backed LNG Developer WaveCrest in Limbo as Staff Exits

All of the staff have departed from WaveCrest Energy, a Macquarie-backed company near Houston launched to develop liquefied natural gas import projects abroad.

WaveCrest Energy continues to exist as an entity, but the 10 people previously employed there left in June, according to people familiar with the matter who asked not to be named because the information is private. The office was headquartered in The Woodlands, about 30 miles north of Houston.