Mr. Teter has focused his career on the development of energy related projects with a specific focus on projects based on clean power sources reducing GHG emissions using liquid natural gas (“LNG”). Investor/client value creation through identification of undervalued assets, the management of permitting, and the commercial structuring of opportunities has been the hallmark of his career activity. Mr. Teter has negotiated multiple complex agreements on behalf of clients and investors, including Purchase and Sale Agreements, Terminal Use Agreements, and corporate structure agreements required to execute complex power delivery chain and related infrastructure activities.
Over the last decade, Mr. Teter has been a principal negotiator or advisor for LNG SPA contracts with a notional volume in excess of 7,000,000 MM BTU/day. Additionally, he has been an investor, advisor and negotiator for the development and utilization of nearly a dozen LNG receiving and liquefaction terminals. In the terminal development role, deals negotiated by Mr. Teter secured investors a return of 600% in a period of only 18 months.
Prior to 2002, Mr. Teter held the position of Senior Vice-President at El Paso Energy where he was responsible for negotiating long-term LNG contracts and all LNG spot trading. The value realized during his three years at El Paso Energy exceeded $225 million (cash basis) and included the successful negotiation and monetization of a 20+ year LNG SPA, the re-opening of the Elba Island LNG receiving terminal, and the acquisition of more than a dozen spot cargoes.
Mr. Teter then embarked on a career in energy with Statoil, first in North America with the startup of power trading and IPP development and subsequently undertook a key role in the commercial development of the first LNG export project in Europe (Snøhvit). The Snøhvit project has been instrumental in opening up an entirely new frontier energy province, creating prosperity for Northern Norway and enhanced energy security in the Atlantic basin.
Mr. Teter is a founder and President of Featherwood International Management and Consulting, a leader in clean energy markets.
Links