(Bloomberg) — After amassing billions in debt and pushing a bold spending plan, Charif Souki was fired in 2015 by the liquefied natural gas company he founded. Now heading a new company, he’s changing his plan of attack. Souki’s latest idea is to mostly deal debt out of the picture. The company he chairs, Tellurian Inc., is seeking investors to pay a total of $12 billion up front to fund the proposed Driftwood LNG export terminal in Louisiana. In return, they get a stake in the project and the ability to buy fuel at cost moving forward, with no markup based on a changing marketplace. Included in the pitch: A plan to control supply by buying production fields and pipelines. While that part isn’t unique, the total package is, driven by a man whose ideas were once called “harebrained” by billionaire investor Carl Icahn. Will buyers bite? None have […]

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