LNG Pioneer Ousted From Tellurian Attempts to Buy Back Stake

Charif Souki said he plans to raise $100 million from investors to buy a stake in Tellurian Inc., the US natural gas development firm he co-founded and which fired him in December.

“Various members of my family are already significant shareholders of Tellurian and we are definitely planning to be larger shareholders,” Souki said Tuesday in an interview.

The fundraising attempt represents a last-ditch effort by the twice-ousted executive to regain a foothold at Tellurian after the company hired Lazard Inc. to explore options including a potential sale. Tellurian’s proposed Driftwood LNG project in Louisiana, which is fully permitted, ...