Meg Gentle has joined Tellurian Investments as president and CEO, and a member of the Board of Directors.
Privately-held Tellurian was formed in February by former Charif Souki, Cheniere’s former CEO, and Martin Houston, BG Group’s former COO and executive director, to build mid-scale natural gas liquefaction and export projects along the United States Gulf Coast.
Gentle, who has made a $10 million private investment in Tellurian, recently left Cheniere Energy, where she served as executive vice president of marketing, based in London, England.
“Meg is an exceptionally talented executive. 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,” Souki said.
Souki continues to serve as the non-executive chairman, with Houston as the executive vice chairman. Gentle will drive the development of Tellurian’s first project, Driftwood LNG, a 26 million tonne per annum (mpta) export facility proposed near Lake Charles, Louisiana.
Driftwood LNG is in the engineering design and pre-filing phase of the project. The Federal Energy Regulatory Commission (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.
Privately-held Tellurian entered into a merger agreement with Magellan Petroleum Corp. (NASDAQ: MPET) on August 2, 2016 that it expects to close in the fourth quarter.