Cheniere’s CEO buys shares

Jack A. Fusco, CEO of the Houston-based LNG export player Cheniere, bought 37,604 shares of the company’s stock on the open market in a transaction dated July 18.

The shares were sold at an average price of $39.89, for a total value of about $1.5 million, according to a SEC filling.

Following the transaction Fusco now directly owns 306,180 shares valued at approximately $12,21 million.

Cheniere has a 12-month low of $22.80 and a 12-month high of $71.11. The stock’s market cap is $9 billion.

The Houston-based company started exporting liquefied natural gas from its Sabine Pass facility in Louisiana in February this year. The Sabine Pass liquefaction plant is the first of its kind to export U.S. shale gas overseas.

Cheniere is also developing another LNG export on the U.S. Gulf Coast, namely the Corpus Christy LNG project.

LNG World News Staff