Cheniere’s CEO sells shares

Cheniere’s CEO Charif Souki sold 50,000 shares of the company’s stock on the open market in a transaction on Monday.

The shares were sold at an average price of $75.32, for a total value of about $3,76 million, according to a SEC filing. Souki now directly owns 4,570,327 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.

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LNG World News Staff; Image: Cheniere