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Souki forms new LNG company

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LNG Industry,

Charif Souki – the former Chairman, President and CEO of Cheniere Energy – has announced that he is teaming up with former BG Group executive, Martin Houston, to form a new company offering mid scale natural gas liquefaction and export projects along the US Gulf Coast.

Tellurian Investments aims to deliver low cost LNG to global customers by “acting upon the advantages offered by the US.” These include low cost natural gas, excellent locations for facilities on the Gulf Coast, low cost manufacturing, availability of labour, and a regulatory environment that is well suited for and has a track record for approving these projects.

Tellurian said that it will partner with Bechtel to construct the LNG plants. It has selected Chart Industries for the liquefaction technology.

Mr Souki said: “What differentiates us from every other LNG developer is our combination of talent. I see what can be done and Martin knows exactly how to get it done. He has developed liquefaction facilities in Trinidad, Egypt, Australia and built the world’s first portfolio LNG trading company. The combination of Martin and I together is as seasoned an LNG team as you can dream up.”

Mr Houston said: “I cannot think of a better partner than Charif, who single handedly transformed the global LNG landscape with his ambitious and bold leadership of Cheniere Energy, which will be noted in LNG history as a key turning point in its evolution.”

Both Souki and Houston added: “It is important to remember that the gas industry is not about the short-term; we are thinking about the energy needs of the world from 2020 to 2040. We are absolutely in this for the long haul. Natural gas is a tremendously important commodity for the world’s future, and we will be successful because we fully understand the opportunity and have the experience to do something about it.”

Edited from press release by

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