Cheniere Including Sabine Pass Liquefaction Project (SPL) Cheniere Energy, Inc. 100% Interest 100% Interest (1) 100% Interest 100% Interest 86.6% Interest (1) Cheniere Energy Cheniere Creole Corpus Christi Other Projects…
Financial Forecast Summary including Sabine Pass Liquefaction Project Expected Construction Costs Trains 1 & 2: 4.5B to 5.0B SPL(1) Trains 3 & 4: 4.5B to 5.0B Current Debt CQP: 2.2B LNG: 0.5B(2) Total: 2.7B(3) Estimated…
Cheniere Ranks Among Large Cap Midstream/Pipeline C-Corps by EBITDA with Sabine Liquefaction Contracts Chenieres EBITDA expected to be bolstered from Sabine Liquefaction contracts ( in millions) 2012E EBITDA 5,000 Chenieres…
Sabine Pass LNG Sabine Pass with Liquefaction Expansion 6
Proposed SPL Project: Development Utilizing Existing Assets Current Facility 1,000 acres in Cameron Parish, LA 40 ft ship channel 3.7 miles from coast 2 berths; 4 dedicated tugs Existing 5 LNG storage tanks (17 Bcf of storage)…
CQP to Purchase Creole Trail Pipeline CTPL infrastructure is critical to purchasing gas & providing Liquefaction services CQP to purchase CTPL for 300MM cash plus 12MM Class B Units CEI to use proceeds to pay down debt and for…
Progress on Liquefaction Project Trains 1 & 2: Obtaining financing is last step prior to commencing construction Trains 3 & 4: Commercial contracts complete Target Date Milestone Trains 1 & 2 Trains 3 & 4 DOE export authorization…
Contracted Capacity at SPLNG Third Party Terminal Use Agreements (TUAs) Long-term, 20 year take-or-pay style commercial contracts Total Gas & Power N.A. Chevron USA Capacity 1.0 Bcf/d 1.0 Bcf/d Fees (1) (2) Reservation Fee…
Contracted Capacity at SPL Sale and Purchase Agreements (SPAs) Long-term, take-or-pay style commercial contracts equating to 16 mtpa BG Gulf Coast LNG (1) Gas Natural Fenosa (1) Korea Gas Corporation (1) GAIL (India) Limited (1)…
Sabine Pass LNG Exports Will Provide Global LNG Buyers With an Attractive, Long-term, Alternative Source of Supply Worldwide LNG prices predominantly based on oil prices = 11 - 23 / MMBtu LNG Contract Price Indexation % 11% 15% at…
U.S. Natural Gas Markets US Gas Consumptions vs. Production US Proved Non-Producing Reserves Tcf Tcf 26 24.5 24.9 24.1 120 23.1 23.3 22.8 24 22.0 21.7 23.6 100 22 23.0 21.6 98 20 80 20.2 20.6 85 19.3 78 18 18.5 60 67…
Global Petroleum Demand Stationary Sources FSU Europe 0.9 MM b/d US & Canada 2.9 MM b/d 5 Bcf/d 2.2 MM b/d 17 Bcf/d 13 Bcf/d Mid East 2.8 MM b/d 17 Bcf/d Asia 6.9 MM b/d 41 Bcf/d Latin America Africa 2.3 MM b/d 1.2 MM…
Liquefaction Project Financing Options Trains 1 & 2 Debt: project finance market and Term Loan B market - 2.5B bank debt - 2.0B Term Loan B - 1.25B Liquefaction for the Liquefaction Project - 0.75B CQP for the Creole Trail…
Summary Steady State Cash Flows Trains 1 & 2 (4) ( in millions) SPLNG CTPL SPL Contracted payments 250 980 Other cash received 10 130 Operating expenses (1) (50) (20) (150) EBITDA before intercompany 210 (20) 960 Intercompany…
Appendix
Organizational Structure NYSE Amex US: LNG 205 mm 2.25% Convertible Senior Unsecured Notes due 2012 100% Ownership Interest Creole Trail Pipeline Cheniere LNG, Inc. Other Pipeline Projects 100% Ownership Interest…
Condensed Balance Sheets As of March 31, 2012 ( in MM) Cheniere Energy Other Cheniere Consolidated Partners, L.P. Energy, Inc. (1) Cheniere Energy, Inc. (2) Unrestricted cash and equivalents -- 440 440 Restricted cash and…
Global LNG Market LNG Importers Price Indexation 2010 Total Global LNG Liquefaction Capacity 37 Bcf/d Oil Products 2010 Regional LNG Demand 30 Bcf/d Natural Gas Algeria - 2.7 JCC Norway - 0.6 Egypt - 1.6 USA - 0.2 Qatar - 9.3…
Firm Liquefaction Capacity Additions Nameplate Liquefaction Capacity 37 Bcf/d as of YE 2010 Bcf/d 44 Bcf/d by YE 2015 3.0 Middle East Gulf 2.5 Asia Pacific Atlantic Basin Gorgon T1 & Gassi Touil Papua New Guinea 2.0 Gorgon…
CHENIERE ENERGY Cheniere Energy Contacts Katie Pipkin, Vice President Finance & Investor Relations (713) 375-5110 katie.pipkincheniere.com Nancy Bui, Director Finance & Investor Relations (713) 375-5280 nancy.buicheniere.com…
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