Souki was the co-founder and CEO of Cheniere Energy, the nation's top exporter of liquefied natural gas. He was ousted from the role after a spat with activist investor Carl Icahn and the company's board of directors in December of 2015.
Since that time, Souki founded a new company called Tellurian Investments, with the goal of finding new ways to profit on the cheap price of natural gas in the U.S. compared to the rest of the globe. In the beginning of February, Tellurian acquired Magellan Petroleum in a deal that took the company public.
Tellurian is also working to build a new liquefied natural gas facility called Driftwood LNG, which is estimated to cost about $12 billion and will have the capacity to export approximately 26 million tons of LNG per year.
"The key thing is we are going to grow at our own pace. We are not going to worry about what everybody else is doing. And we have a formula that has worked in the past," Souki said.
Souki outlined the approach for the company to first work with its suppliers as a part of the team, and then work with them to cut time and cost. The second element is to pay employees well based on performance, so they are inspired to produce results.
And no, he isn't worried that the company won't be able to raise enough money needed to build its LNG facility.
"I've done it once when I had debt and I was in a hole, and this time I have a great advantage. I have no debt; I am starting with a fresh slate. And it's not that hard. Plus we have our experience behind us and our track record behind us," Souki said.
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