Cheniere CEO sells company shares

Cheniere’s CEO Charif Souki sold 30,000 shares of the company’s stock on the open market in a transaction last week. 

The shares were sold at an average price of $79.2, for a total value of about $2,38 million, according to a SEC filling. Souki now directly owns 5,577,827 shares of Cheniere’s stock.

Houston-based Cheniere, which is developing the Sabine Pass liquefaction project in Lousiana, expects to make first LNG from Sabine Pass Train 1 in late 2015.

LNG World News Staff, October 8, 2014; Image: Cheniere