Convert Your Thinking              

May 1st, 2018:

The $24 Billion Job: An Energy CEO’s Quest to Reshape Gas Exports

American Energy Coalition - May 1st, 2018

"U.S. companies are scrambling to figure out how to sell more natural gas abroad. Meg Gentle thinks she has the answer", according to a recent article by the Wall Street Journal.

"To ship liquefied natural gas, companies are constructing terminals where they can superchill gas and load it onto tankers. Houston-based Tellurian Inc., where Ms. Gentle is chief executive, is one of them. But she is taking it a step further by building out the ability to produce natural gas as well."

"To fund Tellurian’s plans, which are expected to cost $24 billion, Ms. Gentle must persuade buyers to purchase equity interests in exchange for low-cost gas in the future. It is an experimental model for an evolving global market, as liquefied natural gas changes hands more easily around the world", reports the WSJ.

"At 43, Ms. Gentle is a two-decade veteran of the natural-gas industry. She helped build the Sabine Pass export terminal while at Cheniere Energy Inc., the first of its kind in the U.S. and one of just two currently operating in the country."

"But she is in uncharted waters building a company from scratch, in a market that is just beginning to take off. “The biggest challenge for me has been to go from the hard worker who can get everything done by staying up late, into the kind of architect, conductor, manager and leader of people who can inspire them to be the hard worker,” Ms. Gentle said."

"Stock investors aren’t giving her the benefit of the doubt: Shares of Tellurian have fallen 40% since it became a publicly traded company in a reverse merger with Magellan Petroleum Corp. in February 2017. The stock has fallen about 10% this year, putting the market value at about $2 billion", according to the Journal Article.

Follow Us!

Please be sure to follow the American Energy Coalition on Twitter (@AEC_Education) and like us on Facebook. We'll help you stay abreast of the latest news about America's energy policies and supplies.

Tags