Charif Souki Says Phoenix Energy Will Stay Private After 2 Public LNG Ventures
Updated
Updated · Bloomberg · May 12
Charif Souki Says Phoenix Energy Will Stay Private After 2 Public LNG Ventures
1 articles · Updated · Bloomberg · May 12
Phoenix Energy will remain closely held, with Charif Souki saying in a Bloomberg interview that he will never take another company public.
Family and friends have funded the venture so far, and Souki said outside investors would be welcomed only if they share Phoenix Energy’s long-term vision.
Phoenix has already acquired drilling leases in Louisiana’s Haynesville Shale and plans to sell the gas as liquefied natural gas.
The stance marks a clear break from Souki’s previous two LNG companies, both of which eventually pursued public listings.
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