Cheniere CEO acquires company shares

Jack A. Fusco, CEO of the Houston-based LNG export player Cheniere, bought 37,007 shares of the company’s stock on the open market in a transaction dated October 17.

The shares were sold at an average price of $40,53 for a total value of about $1.5 million, according to the SEC filing.

Following the transaction Fusco now directly owns 306,180 shares valued at approximately $14.53 million.

Cheniere has recently been granted a permit to start exporting LNG from its second liquefaction train at the Sabine Pass plant.

The commissioning of Train 2 was completed on September 15 when the EPC contractor Bechtel turned over control of the liquefaction unit to Cheniere. The Sabine Pass facility in Cameron Parish, Louisiana was shut down for maintenance days after the commissioning was completed.

LNG World News Staff