Carl Icahn buys more of LNG player Cheniere

Billionaire investor and a major Cheniere Energy shareholder, Carl Icahn, has raised its stake in the Houston-based LNG player to 13.83 percent.

A filing with the Securities and Exchange Commission (SEC) from Monday reveals that Icahn bought 2,781,694 shares of Cheniere’s stock at an average price of $43.25 per share.

The total transaction was valued at about $120 million. Icahn now owns 32,649,671 shares in Cheniere.

The billionaire reported an 8.18 percent activist stake in Cheniere in August and has since then boosted its stake in the company for several times.

Cheniere also in September appointed two managing directors of Icahn Capital, a subsidiary of Icahn Enterprises, to its board of directors.

Cheniere, that is developing two LNG export projects in the United States, expects to ship the first cargo from its Sabine Pass liquefaction facility in January 2016.


LNG World News Staff





Share this article

Follow LNG World News


<< Apr 2019 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.


More info

read more >