Lower 48 LNG export pioneer Charif Souki is embarking on a third natural gas venture, this time incorporating an exploration and production (E&P) team as a core component. Speaking at Hart Energy’s DUG Gas Conference & Expo in Shreveport, Louisiana, Souki revealed his latest vision for advancing the U.S. natural gas industry.
Souki, the co-founder and former CEO of Cheniere Energy—which led the U.S. into the global LNG export market—has a history of pioneering projects that reshape the energy landscape. Following his tenure at Cheniere, he co-founded Tellurian Inc., aiming to integrate natural gas production with LNG exports. Now, with this new initiative, he seeks to further optimize the LNG supply chain by directly integrating upstream operations with export infrastructure.
While Souki did not disclose the official name or specific financial details of the venture, he emphasized the importance of securing cost-competitive, long-term natural gas supplies to meet growing global demand. “The key to success in LNG is having control over supply, ensuring affordability, and maintaining reliability,” Souki said during his presentation.
Strategic Focus on Upstream Integration
Unlike previous LNG ventures that primarily focused on liquefaction and export infrastructure, Souki’s new project aims to control the entire value chain—from natural gas extraction to LNG delivery. This move could enhance price stability, reduce supply risks, and increase efficiency for buyers in Europe and Asia seeking long-term gas contracts.
The decision to build an E&P team highlights a shift in approach, signaling that securing domestic gas production is a priority in a tightening global energy market. With rising LNG demand from Europe due to energy security concerns and Asia’s growing industrial needs, U.S. LNG developers are increasingly looking to vertically integrate operations to remain competitive.
Industry Reactions and Market Implications
Analysts at the conference noted that Souki’s track record makes this venture highly anticipated. “When Charif Souki enters a space, the industry takes notice. His ability to recognize market needs ahead of time has defined U.S. LNG’s success,” said an industry expert.
As geopolitical shifts and energy transition policies reshape global markets, Souki’s new endeavor could play a critical role in solidifying U.S. leadership in natural gas exports. With continued investments in LNG infrastructure and upstream gas supply, the U.S. is poised to remain a dominant force in global energy security.
Further details on the venture, including key partnerships and project locations, are expected to be unveiled in the coming months.