CHENIERE ENERGY Cheniere Energy Credit Suisse Energy Summit February 2010
Cheniere Business Segments Cheniere Cheniere Energy Energy Terminals Terminals Pipelines Pipelines Marketing Marketing Sabine Pass LNG (SPLNG) (90.6%) Creole Trail P/L (100%) 2.0 Bcf/d SPLNG TUA Freeport LNG (30%) Approved…
Sabine Pass LNG Cheniere Energy, Inc. 90.6% Aerial view of Sabine Pass LNG August 2009 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 266,000 cm…
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…
Freeport LNG Development, L.P. Cheniere Energy, Inc. 30% April 2009 Sold Terminal Use Capacity Estimated Annual Agreement (TUA) (Bcf/d) Distribution to Cheniere* Conoco 0.90 Dow 0.50 10 - 15MM Mitsubishi 0.15 *Quarterly cash…
Strategic Focus Commercial monetize 2 Bcf/d regas capacity at Sabine Pass receiving terminal held by Cheniere Marketing International LNG marketing efforts Seek long-term TUAs, LNG purchase/sale agreements Purchase spot cargoes…
Estimated Future Cash Flows Cheniere Energy, Inc. ( in MM) Annualized* Receipts Freeport investment 10-20 Distributions from CQP 254 Management fees from CQP 19 Disbursements Cheniere Marketing TUA Sabine Pass 252 G&A 30-40…
Estimated Future Cash Flows Cheniere Energy Partners ( in MM) Annualized* Receipts TUA Customers 503 Disbursements Operating Expenses 34 Management Fees 19 Debt Service 165 Available Cash 285 Distributions to Unitholders…
Organizational Structure NYSE Amex US: LNG 205 mm 2.25% Convertible Senior Unsecured Notes due 2012 100% Ownership Interest 400 mm 9.75% Term Loan due 2012 Cheniere LNG Holdings, LLC 285 mm 12.0% Convertible Senior Secured…
YoY Change in Supply Well-below Average for Second Year 18% 16% Schedule slippage, 14% Skikda underperformance Explosion 12% FMs, Maintenance 10% 8% 6% 4% 2% 0% 2000 2001 2002 2003 2004 2005 2006…
2009 Capacity Additions to Create Supply During 2010 Export Variance 09 vs 08 Liquefaction Capacity Additions by Region MTA Bcf/d 5.0 3.0 Middle East Gulf 4.0 Asia Pacific 2.5 3.0 Atlantic Basin 2.0 2.0 1.0 1.5 0.0…
Historical LNG Imports 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 Jun…
Spot LNG By Destination Region Loose Gradual Tightening Loose 100% 90% 80% 70% Traded 60% Liquid Markets 50% 40% 30% 20% 10% 0% 2005 2006 2007 2008 2009 JKT Emerging Asia Mediterranean Other Americas US NW…
Unconventional Gas Revolution Spreading to the Rest of the World Company Country Play Type XOM et al Hungary Mako Trough Tight Gas Lower Saxony Basin, North Tight Gas, XOM Germany Rhine-Wetphalia CBM Shell Sweden Baltic Basin Alum…
Projected LNG Flows in 2010 Global LNG Supply of 30 Bcf/d* Existing Liquefaction Under Construction Proposed Liquefaction 2010 Liquefaction Capacity 2010 Consumption Europe Europe 5-7 5-7 Bcf/d Bcf/d Asia Asia Pacific…
Appendix
North America Onshore Regasification Capacity By 2010 15.8 Bcf/d North American Atlantic Basin Terminal Capacity Holder Baseload Sendout capacity 65% utilization = 10.3 Bcf/d (MMcf/d) Canaport 1,000 Canaport Canaport Irving,…
Contracted Capacity TUAs Summary of 20-year Terminal Use Agreements Total LNG Chevron USA Cheniere Marketing Capacity 1.0 Bcf/d 1.0 Bcf/d 2.0 Bcf/d Fees (1) (2) Reservation Fee 0.28/MMBTU 0.28/MMBTU 0.28/MMBTU (3) Opex Fee…
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