Tellurian Investor Demands Sale of LNG Developer, Cites Nepotism

A Tellurian Inc. investor is urging the would-be US energy exporter to put itself up for sale, saying poor governance, nepotism and “misleading communications” have doomed the company’s $12.8 billion aspiration to ship shale gas overseas.

Entami Corp., which specializes in event-driven and distressed-debt investing, called for a sale of the company founded six years ago by liquefied natural gas entrepreneur Charif Souki. In a letter to Souki and his management team, Entami Chief Investment Officer Achur Iskounen said Tellurian lacks the expertise, financial heft and “institutional credibility” to build and operate its proposed LNG-export complex.

Although Entami’s ...