The Daily

The Sunday Read: ‘How One Restaurateur Transformed America’s Energy Industry’

Aug 14, 2022
In this engaging discussion, journalist Jake Bittle joins Charif Souki, a former restaurateur turned energy mogul, who revolutionized the American energy landscape. They explore Souki's daring leap into liquefied natural gas, which catapulted the U.S. into a leading exporter. Souki argues that the immediate need for energy outweighs long-term climate concerns, igniting a conversation about the complexities of sustainable energy in a time of crisis. Their dialogue highlights the tension between economic gains and environmental responsibilities in an evolving industry.
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ANECDOTE

Souki's Entry into Energy

  • Charif Souki, owner of Mezzaluna, witnessed the media frenzy after the O.J. Simpson trial.
  • Disgusted, he sold the restaurant and ventured into the oil and gas industry.
INSIGHT

Souki's Approach

  • Souki lacked oil and gas experience but possessed valuable connections.
  • He saw opportunity in the complex energy industry's simple core: borrowing, extracting, and selling.
INSIGHT

LNG Opportunity

  • The US faced rising natural gas demand with limited import options.
  • Souki saw potential in importing liquefied natural gas (LNG).
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