Souki’s Revenge Against Cheniere Continues, Snags 2nd Exec

revenge-dish-coldYou may recall that evil corporate raider Carl Ichan fired the CEO of Cheniere Energy, Charif Souki, in December 2015 (see Evil Corporate Raider Carl Icahn Claims Another CEO Scalp). Souki founded the company but he was unceremoniously dumped. Same thing Icahn did to Aubrey McClendon at Chesapeake Energy. Cheniere is the first company to begin exporting LNG (liquefied natural gas) from the U.S. to other countries. Some of the gas they ship either already comes, or soon will, from the Marcellus. One of the drillers under contract with Cheniere is Antero Resources. Anyhow, just like McClendon, Souki started up a new company to compete with his former company (see Revenge: Fired Cheniere CEO Starts Competing LNG Company). That new company, Tellurian Investments, established a subsidiary called Driftwood LNG. Driftwood has begun the pre-filing process with the Federal Energy Regulatory Commission (FERC) to build an LNG export facility in Louisiana to compete with Cheniere (see Fired Cheniere Energy CEO Charif Souki’s Revenge: Driftwood LNG). As we reported earlier this month, Souki hired away one of Cheniere’s top executives, Meg Gentle, to become president and CEO of Tellurian (see Souki’s Revenge Continues – Tellurian Lures Cheniere Exec as CEO). Now comes yet another high level defection from Cheniere to Tellurian. Keith Teague is the newly minted executive vice president and COO of Tellurian and Driftwood…

Please Login to view this content. (Not a member? Join Today!)
Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.