Episode

The Sunday Read: ‘How One Restaurateur Transformed America’s Energy Industry’
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30:26
Published: Sun Aug 14 2022
Description

It was a long-shot bet on liquid natural gas, but it paid off handsomely — and turned the United States into a leading fossil-fuel exporter.The journalist Jake Bittle delves into the storied career of Charif Souki, the Lebanese American entrepreneur whose aptitude for risk changed the course of the American energy business.The article outlines how Mr. Souki rose from being a Los Angeles restaurant owner to becoming the co-founder and chief executive of Cheniere Energy, an oil and gas company that specialized in liquefied natural gas, and provides an insight into his thought process: “As Souki sees it,” Mr. Bittle writes, “the need to provide the world with energy in the short term outweighs the long-term demand of acting on carbon emissions.”In a time of acute climate anxiety, Mr. Souki’s rationale could strike some as outdated, even brazen. The world may be facing energy and climate crises, Mr. Souki told The New York Times, “but one is going to happen this month, and the other one is going to happen in 40 years.”“If you tell somebody, ‘You are going to run out of electricity this month,’ and then you talk to the same person about what’s going to happen in 40 years,” he said, “they will tell you, ‘What do I care about 40 years from now?’”This story was written by Jake Bittle and recorded by Audm. To hear more audio stories from publications like The New York Times, download Audm for iPhone or Android. 

Chapters
Sharif Souki's idea to import natural gas to the US by turning it into a liquid resulted in colossal liquefied natural gas facilities across the continent.
00:00 - 06:57 (06:57)
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LNG
Summary

Sharif Souki's idea to import natural gas to the US by turning it into a liquid resulted in colossal liquefied natural gas facilities across the continent. However, the discovery of fracking led to the decline of American LNG's global dominance.

Episode
The Sunday Read: ‘How One Restaurateur Transformed America’s Energy Industry’
Podcast
The Daily
The history of LNG as a potential solution for the transition from fossil fuels to renewables, and the complicated and expensive process of turning gas into a liquid for transportation across the ocean.
06:57 - 16:56 (09:59)
listen on Spotify
LNG
Summary

The history of LNG as a potential solution for the transition from fossil fuels to renewables, and the complicated and expensive process of turning gas into a liquid for transportation across the ocean.

Episode
The Sunday Read: ‘How One Restaurateur Transformed America’s Energy Industry’
Podcast
The Daily
The liquefied natural gas (LNG) industry has turned natural gas into a commodity like oil, with almost every country needing it but coming from only a select group of producers.
16:56 - 27:11 (10:14)
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Liquefied Natural Gas
Summary

The liquefied natural gas (LNG) industry has turned natural gas into a commodity like oil, with almost every country needing it but coming from only a select group of producers. A businessman seeks to start his own fracking operation to liquefy his own gas and sell it directly to overseas buyers.

Episode
The Sunday Read: ‘How One Restaurateur Transformed America’s Energy Industry’
Podcast
The Daily
The fossil fuel industry continues to set the course of global climate policy, prioritizing profits over meaningful action towards reducing emissions.
27:11 - 30:01 (02:50)
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Climate Change
Summary

The fossil fuel industry continues to set the course of global climate policy, prioritizing profits over meaningful action towards reducing emissions. The demand for gas and other fuels continues to increase, perpetuating the cycle of harmful emissions and climate change.

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