Cheniere Energy J.P. Morgan Global High Yield & Leveraged Credit Conference 2013
Projected Global LNG Demand Growth Regional LNG Import Outlook (mtpa)* Europe 87 123 152 2015 2020 2030 Americas Asia 18 20 19 2015 2020 2030 Middle East 192 242 310 6 14 30 2015 2020 2030 2015 2020 2030 *Base-case…
Sabine Pass LNG Terminal Trains 1-2 Under Construction; Trains 3-4 EPC Obtained Current Facility 1,000 acres in Cameron Parish, LA 40 ft ship channel 3.7 miles from coast 2 berths; 4 dedicated tugs 5 LNG storage tanks (17 Bcf of…
LNG Sale and Purchase Agreements (SPAs) 18 mtpa take-or-pay style commercial agreements 2.6B annual fixed fee revenue for 20 years BG Gulf Coast LNG Gas Natural Fenosa Korea Gas Corporation (1) GAIL (India) Limited (1) Total Gas &…
SPL Estimated Cash Flows Expect 2.5X EBITDA: Debt Service Coverage And < 5X Debt: EBITDA ( in millions) Trains 1-2 Trains 1-4 BG 520 725 Gas Natural 455 455 KOGAS - 550 GAIL - 550 Commodity payments, net (1) 125 275 Total…
Trains 1&2 Financing Trains 1&2 Financing ( in millions) Sources Uses Bank Credit Facility 2,299 Capex, allowancies and contingencies 4,929 Bonds 1,500 Interest during construction 811 Equity contribution (1) 1,934 Up-front fees…
Summary Organizational Structure ( in millions) No Debt Cheniere Energy, Inc. 13% owned by RRJ and Temasek (NYSE MKT: LNG) 59.5% Cheniere Inc. Corpus Christi Creole Trail Pipeline Cheniere Energy Partners, L.P. 31.8% Blackstone…
Future Developments/Opportunities Sabine Pass Liquefaction Facilities Trains 5 and 6 initiating permitting process Cheniere Marketing 2.0 mtpa LNG to be sold from SPL FOB and DES basis Corpus Christi LNG Exports 13.5 mtpa…
Sabine Pass Liquefaction Project Trains 5&6 Status Update Total SPA represents 2.0 mtpa commencing with Train 5, 0.3B annual fixed fee revenue for 20 years Bechtel has commenced preliminary engineering Regulatory process…
CMI SPA Excess Volumes from Trains 1-4 at SPL CMI-SPL SPA provides CMI with up to 2 mtpa of LNG delivered FOB Sabine Pass starting with the initial production from Train 1 Maximum Annual Contract Quantity of up to 104 Tbtu/year from…
Corpus Christi Liquefaction Project 13.5 mtpa Nameplate Plant (1.8 Bcf/d of exports) EPC Contracting Strategy: LSTK with Bechtel GE LM2500+ G4 gas turbine driven refrigerant compressors Three 4.5 mtpa nameplate liquefaction trains…
Timeline & Milestones Target Date Sabine Pass Corpus Milestone T1-2 T3-4 T5-6 Christi Initiate permitting process (FERC & DOE) 2013 Commercial agreements 3Q13 EPC contract 4Q13 Financing commitments 1H13 1Q14 Regulatory…
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