July 14, 2024

Charif Souki says company is a solid producer of domestic natural gas and calls eventual LNG exports the ‘Holy Grail’
Citing a series of “tactical mistakes”, Tellurian co-founder Charif Souki said on Tuesday the company should be considered a healthy domestic natural gas producer with the objective of eventually becoming an international liquefied natural gas exporter.
Souki’s admission and change of vision for the company came a week after Tellurian withdrew a failed bond raise intended to bring in $1 billion, saw its share price crash and had two long-term LNG export contracts terminated.
The change will mean delays, at the very least, for the company’s planned Driftwood LNG export terminal in Louisiana.
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