Ex-Cheniere boss Souki: LNG industry is “extremely volatile”

By LNG World News Charif Souki, former head of Cheniere Energy and chairman of Tellurian Inc (Photo by Bartolomej Tomić)Trends for liquefied natural gas (LNG) exports are becoming much more difficult to predict in long-term as the market is changing on a monthly basis, according to Charif Souki, the former head and founder of U.S. LNG export player Cheniere Energy.
“We live in a very seasonal industry – very volatile industry, where the weather has more impact on demand than anything else,” Souki said on Wednesday at a press conference held as part of the CERAWeek by IHS Markit currently being held in Houston.
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