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JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Jul 1, 2009 · 21 slides

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Slides

  1. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 1
    CHENIERE ENERGY Cheniere Energy Corporate Presentation July 2009
  2. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 2
    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…
  3. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 3
    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 15MM Mitsubishi 0.15 *Quarterly cash…
  4. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 4
    Sabine Pass LNG Cheniere Energy, Inc. 90.6% Aerial view of Sabine Pass LNG April 2009 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 cm…
  5. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 5
    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…
  6. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 6
    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…
  7. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 7
    LNG Market Themes Bcf/d North America LNG Imports 6 5 4 3 2 1 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: Waterborne LNG, EIA 2006: Regas plants under construction in North America 2007: Regas capacity…
  8. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 8
    Historical LNG Imports 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 Jun…
  9. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 9
    Expected Incremental Capacity 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 - 09Q1 09Q2 09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1…
  10. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 10
    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…
  11. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 11
    Projected LNG Flows in 2010 Global LNG Supply of 30 Bcf/d* Existing Liquefaction Under Construction Proposed Liquefaction 2010 Liquefaction Capacity* 2010 Consumption 2010 2010 Europe Europe 66 Bcf/d Bcf/d Asia Asia Pacific…
  12. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 12
    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…
  13. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 13
    Appendix
  14. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 14
    European* Natural Gas Demand Projections Consumption Domestic Production 2007 = 50 Bcf/d 2007 = 28 Bcf/d Regional Regional Demand Demand by by Country Country (2007) (2007) 2010 = 53 Bcf/d 2010 = 29 Bcf/d LNG Import Capacity…
  15. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 15
    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 = 32 Bcf/d Eventually Large LNG Import Capacity…
  16. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 16
    European Gas Storage Inventory Bcf Region (Injections) 5/11 - 5/18 Baumgarten -12.39 Germany -13.42 Iberia -5.76 NBP & ZEE -6.71 PEG -7.94 PSV -14.48 TTF -0.49 Total -61.19 90 58% 136 30% 99 103 32% 26% 130 64% 111…
  17. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 17
    Estimated Future Cash Flows ( in MM) Annualized* Receipts Freeport 10-20 Distributions from CQP 254 Management fees 19 Disbursements CMI TUA Sabine Pass 252 G&A 30-40 Pipeline & tug services 10-15 Other, incl adv tax payments…
  18. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 18
    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…
  19. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 19
    Condensed Balance Sheet March 31, 2009 (in millions) Cheniere Energy Other Cheniere Consolidated Partners, L.P. Energy, Inc. (1) Cheniere Energy, Inc. (3) Unrestricted cash 170 (89) 81 Restricted cash and securities (2) 170 239…
  20. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 20
    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…
  21. JULY 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 21
    Organizational Structure NYSE Amex US: LNG 248 mm 2.25% Convertible Senior Unsecured Notes due 2012 100% Ownership Interest Cheniere LNG Holdings, LLC 400 mm 9.75% Term Loan due 2012 250 mm 12.0% Convertible Senior Secured…

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