Souki, Houston form LNG export company
Former CEO of Cheniere Energy, Charif Souki and former COO and executive director of BG Group, Martin Houston joined forces in forming a new mid-scale natural gas liquefaction and export company called the Tellurian Investments.
According to a joint statement issued on Tuesday by the two leaders, Tellurian Investments’ objective is to deliver LNG projects along the United States Gulf Coast by exploiting the advantages offered in the United States.
It has been noted that the company will partner up with LNG engineer Bechtel for the construction of the plants while liquefaction technology will be provided by Chart Industries.
Souki is forming an LNG company just two months after he was removed from Houston-based Cheniere.
He served Cheniere for 19 years and was also the co-founder of the LNG company. Cheniere is just days from shipping the first LNG export cargo from its Sabine Pass plant, the first of its kind to export cheap and abundant U.S. shale gas to overseas markets.
Both Souki and Houston noted that “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,” they added.
LNG World News Staff