Souki’s Revenge Continues – Tellurian Lures Cheniere Exec as CEO

Martin Houston, Meg Gentle, Chaif Souki

You 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 is the founder and was the CEO of a company that opened the first LNG (liquefied natural gas) export facility in the U.S.–on the coast of Louisiana. Like Aubrey McClendon before him, who was also fired by Icahn, Souki decided to start up a new company to compete with his old 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). More revenge: Souki has just hired away one of Cheniere’s top executives, Meg Gentle, to become president and CEO of Tellurian. What does this have to do with the Marcellus/Utica?…

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