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May 17, 2010 (FinancialWire) — Cheniere Energy, Inc. (AMEX: LNG) said it has closed the sale of its 30 percent limited partner interest in Freeport LNG Development L.P. for net proceeds of around$104 million to ZHA FLNG Purchaser, LLC, an entity formed by Zachry American Infrastructure, LLC and Hastings Funds Management, Inc. on behalf of institutional investors.

Texas-based Cheniere Energy is an energy company primarily engaged in LNG related businesses. It owns and operates the Sabine Pass LNG receiving terminal and Creole Trail pipeline in Louisiana.

Cheniere is pursuing related business opportunities both upstream and downstream of the Sabine Pass LNG receiving terminal.  

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