Charif Souki, CEO of the Houston-based LNG player Cheniere, sold 50,000 shares of the company’s stock on the open market in a transaction dated November 16.
The shares were sold at an average price of $48.30, for a total value of about $2.4 million, according to a SEC filling.
Following the transaction Souki now directly owns 3,450,089, valued at approximately $166,6 million.
Cheniere, that is developing two LNG export projects in the United States, the Sabine Pass and Corpus Christi liquefaction plants, expects to ship the first cargo, from the Sabine Pass facility in January 2016.
LNG World News Staff; Image: Cheniere