Skip to main content APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. | Shale Experts
Loading...
Pm

APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Apr 11, 2011 · 28 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. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 1
    Cheniere Energy April 2011
  2. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 2
    Cheniere Operations Cheniere is engaged in the development, construction and operation of onshore LNG terminals and pipelines and the marketing of LNG and natural gas Sabine Pass LNG became operational in 2008 and cost 1.6 billion,…
  3. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 3
    Strategic Focus: Liquefaction Expansion Project Cheniere is developing a project to add liquefaction trains, transforming the Sabine Pass LNG facility into the first bi-directional LNG terminal that can import and export LNG 4…
  4. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 4
    Proposed Liquefaction Project Transforming Sabine into Bi-directional Import / Export Facility Current Facility 853 acres in Cameron Parish, Louisiana 40 ft ship channel 3.7 miles from coast 2 berths; 4 dedicated tugs 5 LNG storage…
  5. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 5
    Bi-directional Service at Sabine Pass Provides Opportunity to Arbitrage Henry Hub vs. Oil Worldwide LNG prices predominantly based on oil prices= 10 - 25 / MMBtu LNG Contract Price Indexation % 11% 15% 11% 15% at 90/bbl 9.90 13.50…
  6. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 6
    Historic Relationship Between Rig Count and Production No Longer Holds 3,000 80 Gross Production (wet) Average Daily Production (Bcf/d) 2,500 Active Rig Count 70 60 2,000 Active Rig Count 50 1,500 40 1,000 30 20…
  7. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 7
    Unconventional Plays - Comparative Rates of Return 7 Source: Bentek Energy
  8. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 8
    Strategically Located - Extensive Market Access to Gas Lower 48 Technically Recoverable Unconventional Primary Gas Sources for Sabine Pass Liquefaction Reserves (Tcf) Conventional Gulf Coast Onshore; Barnett; Haynesville; Bossier;…
  9. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 9
    Strategically Located - Multiple Pipeline Interconnects Cheniere Cheniere Creole Creole Trail Trail Pipeline Pipeline 2.0 2.0 Bcf/d Bcf/d Pine Prairie Energy Center Texas Gas Transco Z3 Liquidity Points ANR Columbia…
  10. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 10
    Attractive Oil Linked Market Prices /MMBtu Recent LNG / Gas Prices - April, 2011 20 18 11% 11% 15% 15% 16 of Oil Prices of Oil Prices 14 12 11.49 10 10.37 8 8.72 6 4 3.79 2 0 Se 0 Se 5 Se 9 Se 4 Se…
  11. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 11
    Sabine Pass Liquefaction Project - Brownfield Development, Lower Expected Capital Costs Cost: /ton Range of liquefaction project costs: 200 - 1200 per ton 1200 1 Bcf/d of capacity = 1.5 B to 9 B 1000 Sabine Pass liquefaction…
  12. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 12
    ConocoPhillips-Bechtel Global LNG Collaboration Proven Designs 1969 1999 2006 2007 2012 All Collaboration projects have come onstream ahead of schedule and exceeded expectations Source: ConocoPhillips, Bechtel 12
  13. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 13
    LNG Regulatory Process Update and Project Support Very strong local support: Cameron Parish officials, Louisiana state and federal congressional delegations, parish & state agencies Strong support from most gas producing states…
  14. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 14
    Commercial Structure: Estimated Terms of Liquefaction Contracts Estimated cost for customer to purchase U.S. supply: Capacity Fee: 1.40 - 1.75/MMBtu Take or Pay, permits lifting or unloading cargoes LNG Export Commodity Charge:…
  15. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 15
    Customer MOUs Signed to Date Exceeds Capacity for Two Trains Date Customer Rating Capacity (mtpa) Nov-10 Morgan Stanley (US) A2 / A 1.7 Oct-10 ENN Energy Holdings (China) Ba1 / BBB- 1.5 Nov-10 Gas Natural Fenosa (Spain) Baa2 / BBB…
  16. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 16
    Estimated Financial Impact (Annualized) Annual Liquefaction Project Economics Contracted Cash, MM 1 Impact to CQP Impact to LNG Current 253 Stable common unit distributions 38 mm paid to CEI as 1 x coverage supported by 20 year…
  17. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 17
    Expected Timeline Sign MOUs with interested parties 4Q2010 DOE export authorization Pending Definitive commercial agreements Mid 2011 EPC contract 2H2011 Financing commitments 2H2011 FERC construction authorization 2012 Commence…
  18. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 18
    CHENIERE ENERGY Appendix
  19. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 19
    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…
  20. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 20
    Estimated CQP Distributable Cash Flows* (Annualized, in mm) Receipts TUAs Chevron and Total 253 Other Services 7 Total Cash Receipts 260 Costs Operating, G&A, Maintenance CapEx 46 Debt Service 165 Total Costs 211 Available…
  21. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 21
    Ownership - CQP (in mm) Cheniere Energy, Inc Public* Total Common Units 10.9 15.5 26.4 Subordinated Units 135.4 135.4 General Partner 2% 3.3 3.3 149.6 15.5 165.1 Percent of total 90.6% 9.4% 100% *Excludes 1MM shares to be…
  22. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 22
    Estimated LNG 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…
  23. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 23
    Organizational Structure Existing Debt NYSE Amex US: LNG 205 mm 2.25% Convertible Senior Unsecured Notes due August 2012 100% Ownership Interest 298 mm 9.75% Term Loan due May 2012 Cheniere LNG Holdings, LLC 263 mm 12.0% Senior…
  24. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 24
    LNG Production, Capacity, Utilization Production +5.1 Bcf/d 2009, 21% increase YoY in 2010 Utilization rates returning to historical 90% norm 1.6 Bcf/d remaining capacity to bring on line in 1Q2011 Bcf/d LNG Production vs Capacity…
  25. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 25
    Global LNG Market - 2010 LNG Importers - Price Indexation 2010 Total Global LNG Export Capacity Oil Products 37 Bcf/d Natural Gas Algeria - 2.7 Japan Crude Cocktail Norway - 0.6 2010 Regional LNGDemand 30 Bcf/d Egypt - 1.7 USA -…
  26. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 26
    Firm Liquefaction Capacity Additions Nameplate Liquefaction Capacity 37 Bcf/d as of YE 2010 Bcf/d 3.0 45 Bcf/d by YE 2015 Middle East Gulf 2.5 Asia Pacific Atlantic Basin Gorgon T1 Pappa New Guinea 2.0 Gorgon T2 & Curtis T1…
  27. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 27
    North America Onshore Regasification Capacity Terminal Baseload Capacity Holder Sendout (MMcf/d) Canaport Canaport Canaport 1,000 Repsol Everett - Suez 700 Everett Cove Point 1,800 Everett BP, Statoil, Shell Elba Island…
  28. APRIL 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 28
    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

From the store

Browse maps, data & reports in the Shale Experts store