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Stock Market & Financial Investment News

News Breaks
June 26, 2013
19:57 EDTLNGCheniere Energy CEO sells 430,000 shares, Barron's says
Cheniere Energy's CEO Charif Souki recently sold 430,000 shares of the company for total proceeds of more than $12M, bringing Souki's holdings to 3.1% from 3.3% of the company, reports Barron's Inside Scoop. Reference Link
News For LNG From The Last 14 Days
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July 28, 2014
16:00 EDTLNGOptions Update; July 28, 2014
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July 25, 2014
18:55 EDTLNGCheniere Energy to reconsider strategy related to employee bonus pay
In a regulatory filing, Cheniere Energy said, "After receiving feedback from stockholders and consulting with management, the board determined that this is not the appropriate time to ask the stockholders to approve a new pool of shares. The company will reassess its strategy in this context given the need to attract, retain and motivate employees with the talent and experience to effectively execute the company’s strategic business plan." CEO Charif Souki received $142M in total compensation in 2013 and was ranked as the top paid U.S. executive for that year. The company has postponed its annual meeting to September 11th, and has withdrawn proposals related to the 2014-2018 Long Term Incentive Compensation Program and the Cheniere Energry 2011 Incentive Plan that would have added 30M shares to the company's bonus pool.
July 17, 2014
16:55 EDTLNGCheniere Energy signs 20 year LNG sale and purchase agreement with EDF
Cheniere Energy announced that its subsidiary, Corpus Christi Liquefaction, has entered into a liquefied natural gas, or LNG, sale and purchase agreement with Électricité de France, or EDF, under which EDF has agreed to purchase approximately 0.38M tonnes per annum, or mtpa, of LNG upon the commencement of operations of train 2 of the LNG export facility being developed near Corpus Christi, Texas, and increasing to approximately 0.77 mtpa of LNG upon the commencement of operations of train 3. The Corpus Christi Liquefaction Project is being designed and permitted for up to three trains, with aggregate design production capacity of 13.5 mtpa of LNG. Under the SPA, EDF will purchase LNG on a free on board basis for a purchase price indexed to the monthly Henry Hub price plus a fixed component. The term of the SPA will extend for 20 years beyond the date of first commercial delivery of the third train of the Corpus Christi Liquefaction Project, with an extension option of up to ten years. Deliveries from train 3 are expected to occur as early as 2019.

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