LONDON—The chairman of liquefied natural gas (LNG) company Tellurian Inc., Charif Souki, on Tuesday said that cheap U.S. gas is a thing of the past and the only solution for Europe’s energy crisis is to invest in U.S. gas infrastructure.
“Getting (U.S.) gas in the water for $4–$5 is something of the past; if you really want to justify an investment … you have to think of $10–$12,” Souki told the Energy Intelligence Forum in London.
Souki said investment in U.S. LNG projects could be Europe’s one option to solve the energy crisis sparked by Ukraine’s war, with Russian gas supplies to Europe having plunged since the start of the war….