CHENIERE ENERGY Credit Suisse Energy Summit February 3, 2009
LNG Market Themes North America LNG Imports Bcf/d 6 5 4 3 2 1 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2006: Regas plants under construction in North America 2007: Regas capacity constraints; 2 Bcf/d…
European Gas Storage Inventory - Bcf 103 67% 282 65% 189 268 58% 69% 150 74% 246 77% Inventory as of Jan. 12, 2009 5 Source: GSE
European* Suppliers are Undertaking a Significant Expansion of Pipeline Capacity Large and Growing Piped Gas Supply Consumption 2007: 50 Bcf/d Existing Pipeline Production New Pipeline 2007: 28 Bcf/d Expansion Piped Gas Import…
Projected LNG Flows in 2010 Existing Liquefaction Under Construction Proposed Liquefaction 2010 Liquefaction Capacity 2010 Consumption 2010 2010 Europe Europe 66 -- 88 Bcf/d Bcf/d Asia Asia Pacific Pacific ME ME Gulf Gulf…
Potential Supply Scenario Production Bcf/d Nameplate Capacity 37 Delivered LNG 33 Capacity Factor 88% Consumption Europe 6-8 Asia Pacific 17 - 19 All others including Canada 0.5 - 1 Total Non U.S./Canada Consumption 24 -…
Domestic Implications The supply scenario is independent of world prices, and is driven by an unprecedented short-term expansion in liquefaction capacity If the growth in unconventional domestic production continues, these two…
Cheniere Business Segments Cheniere Energy Terminals Pipelines Marketing Sabine Pass LNG(SPLNG) (90.6%) Creole Trail P/L (100%) 2.0 Bcf/d SPLNG TUA Freeport LNG (30%) Approved Permits: MSPAs with major LNG suppliers, Creole…
Freeport LNG Development, L.P. Cheniere Energy, Inc. 30% Freeport LNG Terminal Site August 2008 Estimated Annual Sold Terminal Use Capacity Distribution to Cheniere* Agreement (TUA) (MM) Conoco 0.90 Bcf/d Dow 0.50 Bcf/d 15…
Sabine Pass LNG Best in Class Asset Cheniere Energy, Inc. 90.6% Sabine Pass LNG June 2008 Vaporization 4.3 Bcf/d peak send-out Storage 5 tanks x 160,000 cm (16.8 Bcfe) Berthing / Unloading Two docks LNG carriers up to 266,000…
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…
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/sales agreements Purchase spot cargoes…
Appendix
European* Natural Gas Demand Projection Consumption Domestic Production 2007 = 50 Bcf/d 2007 = 28 Bcf/d Regional Regional Demand Demand by by Country Country (2007) (2007) 2010 = 57 Bcf/d 2010 = 29 Bcf/d LNG Import Capacity…
Asia Pacific* Natural Gas Demand Projection Regional Regional Demand Demand by by Country Country (2007) (2007) Consumption Pipeline Import 2007 = 27 Bcf/d Capacity 2010 = 29 Bcf/d Eventually Large LNG Import Capacity…
Historical Gas and LNG Demand by Region, Bcf/d OECD Piped Imports from Norway, Netherlands, European LNG Imports Algeria, Russia 40 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…
Organizational Structure NYSE Alternext US: LNG 325 mm 2.25% Convertible Senior Unsecured Notes due 2012 100% Ownership Interest Cheniere LNG Holdings, LLC 400 mm Term Loan due 2012 (Interest rate - 9.75%) 250 mm 12.0%…
Condensed Balance Sheet September 30, 2008 (in millions) Cheniere Energy Other Cheniere Consolidated Partners, L.P. Energy, Inc. (1) Cheniere Energy, Inc. (3) Unrestricted cash (2) -- 128 128 Restricted cash and securities 451…
Expected Cash Flows Between LNG and CQP/Sabine ( in mm) FY Cash Received by Cheniere Distributions paid from CQP (1.70) (1) General Partner Units (3.3mm) 5.6 Subordinated Units (135.4mm) 230.2 Common Units (10.9mm) 18.5 254.3…
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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