Meg Gentle will Drive Tellurian’s Driftwood Gulf Coast LNG Project Development
Tellurian Investments Executive Team (left to right): Martin Houston, Meg Gentle, Charif Souki
Former Cheniere exec Meg Gentle will lead Tellurian Investments as the company’s president, CEO and a member of the board. Gentle has also made a $10 million private investment in Tellurian.
At Cheniere, Gentle served as EVP of marketing, based in London, England.
“Meg is an exceptionally talented executive,” Tellurian co-founder and former Cheniere CEO Charif Souki said in a statement.
“She joined me at Cheniere in 2004 as an analyst. In 2009, when the shale revolution changed the outlook for the company, I called on her to assume the role of Chief Financial Officer. In very difficult circumstances, she managed Cheniere’s liquidity and arranged financings which bought the company time to recover and adapt. When we developed our new strategy, she went on to negotiate $25 billion of debt and equity financings which turned Cheniere into a spectacular success.”
Tellurian says Gentle will run its strategic and daily operations while Souki will continue to serve as the non-executive chairman. Tellurian co-founder Martin Houston, former BG chief operating officer, will serve as the executive vice chairman.
Driftwood LNG
Gentle is in charge of developing Tellurian’s initial LNG project, Driftwood LNG, a proposed 26 million tonne per annum (mpta) export facility targeted for a location near Lake Charles, Louisiana. The Driftwood project is in engineering design and pre-filing phase. FERC approved Driftwood LNG’s pre-filing request on June 6, 2016. Tellurian expects construction to begin in 2018, and the project to become operational in 2022.
Early in August, Tellurian entered into a merger agreement with Magellan Petroleum Corporation (NASDAQ: MPET), which will make Tellurian a publicly traded entity upon closing.
