Cheniere’s CEO sells shares

Charif Souki, CEO of US LNG player Cheniere, sold 150,000 shares of the company’s stock on the open market in a transaction dated June 15.

The shares were sold at an average price of US$70.68, for a total value of about $10.6 million, according to an SEC filling.

Souki now directly owns 4,120,327 shares of Cheniere’s stock, valued about $291.3 million.

Houston-based Cheniere recently revealed two new LNG developments that, if completed, are projected to add up to 19 mtpa of LNG production capacity.

The company said it is developing about 9 mtpa of incremental LNG production capacity through the addition of two liquefaction trains adjacent to the existing site of the Corpus Christi liquefaction project.

In addition, Cheniere has agreed in principle to partner with Parallax Enterprises, to develop up to 10 mtpa of LNG production capacity through Parallax’s two mid-scale projects, Live Oak LNG and Louisiana LNG.

LNG World News Staff; Image: Cheniere