Cheniere Restructures Management Team, Finishes Train 2

cheniereAfter firing Cheniere Energy’s CEO and co-founder last December, Charif Souki, corporate raider Carl Icahn then installed his own puppet to run the LNG exporting company (see Carl Icahn Installs New Puppet as CEO of Cheniere Energy). The man Carl hired is Jack Fusco. Apparently Jack is confident in himself and in the future of Cheniere, because snapped up $1.5 million worth of Cheniere’s stock not long after he assumed the role of CEO (see Carl Icahn’s Cheniere CEO Buys 37,604 Shares of Stock). We have a pair of updates for Cheniere: first, we have some musical chairs and new appointments in the senior management ranks of Cheniere. Jack (i.e. Carl Icahn) is making changes. Second, the company announced that Train 2 at the Sabine Pass Liquefaction Project is now substantially complete and they’ve taken it over from the builder, Bechtel. Why go on about an LNG export plant in southern Louisiana?…

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