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JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Jan 7, 2008 · 34 slides

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Slides

  1. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 1
    CHENIERE ENERGY, INC. * Sabine Pass LNG, L.P. *Corpus Christi LNG, LLC *Creole Trail LNG, L.P. *Freeport LNG Development, L.P. Cheniere Energy Partners, L.P. Cheniere Energy, Inc. 100% Cheniere Energy, Inc. 100% Cheniere Energy,…
  2. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 2
    Partnership Partnership Asset Asset Cheniere Cheniere Interests Interests Development Development Marketing Marketing Freeport Freeport LNG LNG Development, Development, L.P. L.P. Creole Creole Trail Trail ((Freeport…
  3. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 3
    Freeport LNG Development, L.P. Cheniere Energy, Inc. 30% Freeport LNG Construction Site August 2007 Send-out capacity of 1.5 Bcf/d TUA Contracts totaling 1.55 Bcf/d Conoco 0.90 Bcf/d Dow 0.50 Bcf/d Mitsubishi 0.15 Bcf/d…
  4. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 4
    Cheniere Energy Partners, L.P. (AMEX: CQP) Sabine Pass LNG, L.P. Cheniere Energy, Inc. 90.6% Sabine Pass Construction Site January 2008 4 Bcf/d capacity contracted at Sabine Pass facility resulting in annual revenues of…
  5. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 5
    Potential Pipeline Interconnects: Gulf Coast Markets Northeast Markets Creole Trail Pipeline* Southeast Markets Pine Prairie Midwest / Great Lakes Markets 2Q 2008 Energy Center M.P. 58 Connects with Henry Hub Texas Eastern ANR…
  6. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 6
    Next Generation of Terminals Including Some Terminals Under Construction Higher construction costs: 1 billion for 1 Bcf/d Utilization constraints: Operational: Marine access Pipeline takeaway Storage Market size and access…
  7. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 7
    Cheniere Energy Partners Growth Projects Fuel Efficiency Projects at Sabine Pass LNG Maximizes plant fuel efficiency using waste heat recovery and ambient air technology Customers charged 2% fuel retainage fee Projects expected to…
  8. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 8
    Cheniere Southern Trail Pipeline Scale - Approximate SESH - 0 20 40 60 miles Lucedale Transco 65 SONAT Fl Dequincy Tennessee TGC, TETCO, Transco 45, TETCO Sempra, Je Liberty Storage LIG Tennessee FGT 11 FGT 12 FGT…
  9. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 9
    Value Drivers Future Growth in MLP Assets Corpus Christi LNG terminal Creole Trail LNG terminal Future Acquisitions Cheniere Marketing Validates value of subordinated units Intrinsic value of Marketing operations 10
  10. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 10
    North America Onshore Regasification Capacity By 2010 15.8 Bcf/d North American Atlantic Basin Terminal Baseload Capacity Holder Sendout capacity 65% utilization = 10.3 Bcf/d (MMcf/d) Canaport 1,000 Canaport Canaport Irving,…
  11. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 11
    Value of Marketing LNG Fundamentals 12
  12. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 12
    New Liquefaction Competes for Market Share Existing Liquefaction Under Construction Proposed Liquefaction 2010 Liquefaction Capacity Atlantic Atlantic Basin Basin 2005 Consumption 12 12 Bcf/d Bcf/d 2005 2005 NA NA 2005…
  13. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 13
    2010 Annual Balance - Bcf/d Global Liquefaction Capacity 36 Estimated LNG Delivery 90% 32 Asian Consumption
  14. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 14
    Constraint is not Regasification but Natural Gas Consumption Regasification is built for peak utilization because of seasonal variations 2000 2007E 2010E Bcf/d LNG Regas % LNG Regas % LNG Regas % Imports Capacity Utilized Imports…
  15. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 15
    Demand Seasonality will Impact Flows Bcf/d 2006 Demand 30 25 20 15 10 5 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Belgium Spain France UK US GC Source: IEA 16
  16. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 16
    . . . and Pipeline Competition in Europe . . . Pipeline gas supply into Europe will compete to push LNG to higher value markets. Existing Pipeline New Pipeline Expansion Transatlantic LNG Deep and liquid market with large…
  17. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 17
    . . . Means More LNG is Becoming Flexible 12 Bcf/d of LNG with access to Atlantic Basin has destination flexibility Additional volumes could become flexible should the contract parties agree Flexible LNG to the Atlantic Basin Bcf/d…
  18. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 18
    19 Henry Hub Premium (Discount) to NBP /MMbtu 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 (6.00) (5.00) (4.00) (3.00) (2.00) (1.00) Jan-01 Mar-01 May-01 Jul-01 Historical Data Sep-01 Nov-01 Futures as of…
  19. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 19
    20 Henry Hub Premium (Discount) to NBP /Mmbtu 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 (6.00) (5.00) (4.00) (3.00) (2.00) (1.00) Jan-01 Mar-01 May-01 Jul-01 Sep-01 Historical Data Nov-01 Jan-02…
  20. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 20
    21 Henry Hub Premium (Discount) to NBP /Mmbtu 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 (6.00) (5.00) (4.00) (3.00) (2.00) (1.00) Mar-98 May-98 Jul-98 Sep-98 Nov-98 Historical Data Jan-99 Mar-99…
  21. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 21
    22 Henry Hub Premium (Discount) to NBP /Mmbtu 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 (6.00) (5.00) (4.00) (3.00) (2.00) (1.00) Mar-98 May-98 Jul-98 Sep-98 Nov-98 Historical Data Jan-99 Mar-99…
  22. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 22
    European Storage: 2007 vs 5yr Avg Bcm 60 50 5 yr Avg 2007 Total 40 30 20 10 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec * Figures represent PIRAs projections 23
  23. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 23
    European Storage by Country Bcm End of 2007 vs 5 yr Avg 40 35 30 25 20 15 10 5 0 Germany France Italy Spain Austria U.K. Total 15.6 9.2 6 1.5 3.8 3.9 39.98 15.8 7.4 5.7 1 1.8 3.8 35.43 End of Dec 5 yr Avg *…
  24. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 24
    European Gas Storage Inventory - Bcf Draw Draw in the 22nd in the nd week week of of Jan Jan mostly mostly in in Baumgarten Baumgarten (14%) (14%) and and Iberian Iberian market market area area (6%) (6%) 101 67%…
  25. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 25
    Worldwide Liquefaction Capacity Bcf/d 30 29 NLNG T6 Snohvit 28 Eq. Guinea 27 RG T5 26 25 24 23 22 21 20 19 18 17 16 15 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2004 2005 2006 2007 Source: GIIGNL; Poten,…
  26. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 26
    Liquefaction - Growth Worldwide Liquefaction Bcf/d 45 40 35 30 25 20 15 10 5 - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q2 Q3 Q4 Q4 Q1 Q4 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q4 2004…
  27. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 27
    Worldwide Liquefaction Utilization 120% 110% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2007 2004 2005 2006 28 Source: Poten, Cheniere Research
  28. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 28
    Europe Total LNG Imports 10 9 8 7 6 5 4 3 2 1 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2007 2006 Total 2005 Total 29 Source: Poten, Cheniere Research
  29. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 29
    Asia Total LNG Imports 20 18 16 14 12 10 8 6 4 2 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2007 2006 2005 30 Source: Poten, Cheniere Research
  30. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 30
    North America Total LNG Imports Bcf/d 5 4 3 2 1 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2007 2006 2005 31 Source: Poten, Cheniere Research
  31. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 31
    Cheniere Marketing Strategy Term Contracts: Indexed Purchase Agreements (IPA) 1 Bcf/d by 2010 12 Bcf/d of undecided gas globally 86% of Henry Hub 94% - 65 cents (GdF transaction) Seek to capture portion of redirect rights…
  32. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 32
    Cheniere Growth Strategy Pursue acquisitions for Cheniere Energy Partners, L.P. (AMEX: CQP) Continue asset development: terminals and pipelines Develop a balanced supply portfolio for Cheniere Marketing between long-term IPAs and…
  33. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 33
    Appendix 34
  34. JANUARY 2008 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 34
    Condensed Balance Sheet September 30, 2007 (unaudited, in millions) Cheniere Energy Other Cheniere Consolidated Partners, L.P. Energy, Inc. (1) Cheniere Energy, Inc. Unrestricted cash (2) -- 447 447 Restricted cash and…

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