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INVESTOR PRESENTATION – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Sep 10, 2010 · 30 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 1
    Cheniere Energy, Inc. September 2010
  2. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 2
    Cheniere Overview Cheniere Cheniere Energy Energy Cheniere Cheniere Energy, Energy, Inc. Inc. NYSE NYSE Amex Amex US: US: LNG LNG Partners, Partners, L.P. L.P. NYSE NYSE Amex Amex US: US: CQP CQP 88.6% (LP…
  3. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 3
    Sabine Pass LNG Cheniere Energy Partners, L.P. 100% Aerial view of Sabine Pass LNG Terminal Vaporization 4.3 Bcf/d peak send-out Storage 5 tanks x 160,000 cm (16.9 Bcfe) Berthing / Unloading Two docks LNG carriers up to…
  4. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 4
    Creole Trail Pipeline Cheniere Energy, Inc. 100% Provides optimal market access for LNG from the Sabine Pass terminal First 94 miles complete and in-service, additional 58 miles permitted Size: 2.0 Bcf/d Diameter: 42-inch…
  5. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 5
    Contracted Capacity TUAs Summary of 20-year Terminal Use Agreements (4) Total Gas & Power N.A. Chevron USA Cheniere Energy Investments Capacity 1.0 Bcf/d 1.0 Bcf/d 2.0 Bcf/d Fees (1) (2) Reservation Fee 0.28/MMBTU 0.28/MMBTU…
  6. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 6
    Organizational Structure TUA Assignment and new VCRA NYSE Amex US: LNG 100% Ownership Interest Cheniere Cheniere LNG Marketing, LLC Holdings, LLC 88.6% LP Interest 100% of 2% GP Interest NYSE Amex US: CQP VCRA Public…
  7. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 7
    Cheniere and CQP Restructure Marketing Arrangement* Transaction Summary CMI assigned its 2.0 Bcf/d TUA with Sabine Pass LNG to direct subsidiary of CQP, Cheniere Energy Investments, LLC (Investments) Investments makes TUA payments…
  8. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 8
    i Liquefaction Project
  9. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 9
    Expanding Operations Liquefaction Project* Compelling Proposition Sabine Pass to become bi-directional import/export facility Market fundamentals create opportunity to expand into exports Export services provide customers with an…
  10. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 10
    Market Fundamentals Drive Liquefaction Project The U.S. has become the largest producer of natural gas in the world and production costs rank among the lowest Productive capacity at 6.50/MMBtu could reach 95 Bcf/d by 2020 U.S.…
  11. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 11
    U.S. Unconventional Reserves Basins Proximate to Premium Markets and Major Pipelines Lower 48 Technically Recoverable Unconventional Reserves (Tcf) 1600 1,167 Tcf Shale 1200 CBM Tight Gas 800 366 Tcf US Proved 400 Reserves…
  12. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 12
    Sabine Pass LNG Proposed Liquefaction Project - Overview Leveraging existing assets Large acreage position (853 acres) Can readily accommodate 4 liquefaction trains (up to 2 Bcf/d capacity) Existing infrastructure 2 docks, 4…
  13. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 13
    Low Cost Liquefaction Facilities Proven Technology ConocoPhillips-Bechtel Global Liquefaction Collaboration Cost 450 400 350 300 250 200 150 100 50 0 Qatargas Nigeria RasGas ELNGT1 Oman ALNGT1 ALNGT1-3 ELNGT1-2…
  14. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 14
    Commercial Structure Estimated Terms for LNG Sales Agreements Capacity fee includes regasification and liquefaction services - provides customer option to import or export Estimated cost to purchase U.S. supply: Capacity Fee:…
  15. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 15
    Delivered Costs Compare Favorably to European Price Estimates Assuming continued increase in U.S. natural gas production, unconventional gas economics effectively cap Henry Hub at mid-range of 6.50/MMBtu If oil remains above 65/Bbl,…
  16. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 16
    Regulatory Process Strong support from local and state agencies Dual regulatory tracks with the DOE and FERC DOE regulates imports and exports of natural gas FERC coordinates federal and state review of proposals to build LNG…
  17. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 17
    i Financial
  18. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 18
    Estimated Future Cash Flows Cheniere Energy Partners ( in MM) Annualized* Receipts TUA Customers 251 Fuel Retainage, Tugs, Other 7 Disbursements Operating Expenses 34 Management Fees 8 Debt Service 165 Distributable Cash…
  19. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 19
    i Cheniere Energy, Inc.
  20. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 20
    2010 Financial Developments Cheniere Energy, Inc. Entered into marketing arrangement with JPMorgan Reduced working capital requirements for cargo purchases/sales Sold 30% equity in Freeport to pay down debt Paid down 102 million…
  21. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 21
    JPMorgan Arrangement Cheniere and JPMorgan joined LNG marketing efforts CMI provides all services related to: Sourcing deals and negotiating contracts, purchasing, transporting, receiving, storing, regasifying and selling cargoes…
  22. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 22
    Estimated Future Cash Flows Cheniere Energy, Inc. ( in MM) Annualized* Receipts Distributions from CQP (Common/GP) 20 Management fees from CQP 8 -19** Disbursements G&A, net marketing 25 - 35 Pipeline & tug services 10 Other,…
  23. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 23
    i LNG Market Update
  24. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 24
    LNG Production An additional 5.5 Bcf/d was produced over 2009, a 24% increase YoY in first half of 2010 MT 25.0 2008 20.0 2010 2009 15.0 10.0 5.0 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source:…
  25. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 25
    Historical Gas and LNG Demand by Region (Bcf/d) OECD Piped Imports from Norway, Netherlands, European LNG Imports 40 Algeria, Russia 10 8 30 6 20 4 10 2 0 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May…
  26. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 26
    Firm Liquefaction Capacity Additions Liquefaction Capacity Additions by Region Bcf/d 3.0 Middle East Gulf Asia Pacific 2.5 Atlantic Basin 2.0 1.5 1.0 0.5 - 11Q1 11Q2 12Q3 10Q4 11Q3 11Q4 12Q1…
  27. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 27
    i Appendix
  28. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 28
    North America Onshore Regasification Capacity 17.1 Bcf/d North American Atlantic Basin Terminal Capacity Holder Baseload Sendout capacity 65% utilization = 11.1 Bcf/d (MMcf/d) Canaport 1,000 Canaport Canaport Repsol Everett -…
  29. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 29
    Organizational Structure NYSE Amex US: LNG 205 mm 2.25% Convertible Senior Unsecured Notes due 2012 100% Ownership Interest 298 mm 9.75% Term Loan due 2012 Cheniere LNG Holdings, LLC 247 mm 12.0% Convertible Senior Secured…
  30. INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 30
    CHENIERE ENERGY Cheniere Energy Contacts Katie Pipkin, Vice President Finance & Investor Relations (713) 375-5110 katie.pipkincheniere.com Christina Burke, Manager Investor Relations (713) 375-5104 christina.burkecheniere.com

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