Jim Chanos is Shorting Cheniere Energy

Sep 9 2015 | 2:00pm ET

Hedge fund shortseller Jim Chanos announced today that he has has taken a position against liquefied natural gas firm Cheniere Energy Inc. (LNG).

During an interview with CNBC, Chanos said that his firm has been bearish on the natural gas sector, and called weakness in the commodity space a "looming disaster."

The revelation comes just a month after activist investor Carl Icahn announced an 8.2% stake in the company, which will begin exporting natural gas to the global market from its Sabine Pass facility in 2016. 

After Icahn announced the position, Cheniere appointed two directors fromIcahn Capitalto its board days. 

Chanos also said he has been shorting shares of Caterpillar Inc. (CAT), as he remained bearish on the mining and constuction equipment giant. 


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