UBS O'Connor

Souki’s Saga: How Tellurian Escaped Ruin with ‘The Pause,’ $1.2B Exit

President Biden’s LNG pause in January suddenly made Tellurian Inc.’s LNG export permit more valuable. The company’s July sale marked the end of an eight-year saga—particularly the last 16 months, starting with when its co-founder lost his stock, ranch and yacht in a foreclosure.