Cheniere chief sells shares

Cheniere’s CEO Charif Souki sold 200,000 shares of the company’s stock on the open market in a transaction dated November 5.

The shares were sold at an average price of $46.20, for a total value of about $9.2 million, according to a SEC filling.

Souki now directly owns 3,500,089 shares of Cheniere’s stock, valued about $161.7 million.

Houston-based Cheniere is currently developing two LNG export projects in the US, namely Sabine Pass and Corpus Christi.

Sabine Pass LNG facility is expected to start receiving feed gas by the end of the year with the first cargo to be shipped in January.