Skip to main content CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. Investor Presentation | Shale Experts
Loading...
Pm

CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Feb 10, 2011 · 26 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. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 1
    Credit Suisse Energy Summit Vail February 2011
  2. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 2
    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…
  3. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 3
    Attractive Oil Linked Market Prices / MMBtu Regional Natural Gas & LNG Prices 20 18 16 12% 12% 15% 15% of Oil Prices of Oil Prices 14 12 11.62 10 9.02 8 7.39 6 4 4.27 2 0 2004 2005 2006 2007 2008 2009 2010 Japan Avg…
  4. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 4
    Market Call for LNG Average 2010 LNG Demand 30 Bcf/d 10 year historical compound average growth rate 7% per year Equates to 2015 demand 42 Bcf/d Pressure for fuel switching from high oil prices 20 30 Bcf/d additional 17.8 2010…
  5. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 5
    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…
  6. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 6
    U.S. Gas Production Growth Unconventional gas = 61% of 2010 natural gas production Potential 11 Bcf/d new production from unconventional gas 2015 vs 2009 (34%) Bcf/d U.S. Natural Gas Production Forecast 69.1 63.9 59.3 60.3 4.9…
  7. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 7
    Sabine Pass LNG Sabine Pass with Liquefaction Expansion 8
  8. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 8
    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; Eagle Ford Shale CBM…
  9. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 9
    Bi-directional Service at Sabine Pass Provides Opportunity to Arbitrage Henry Hub vs. Oil Worldwide LNG prices predominantly based on a percentage of oil Europe Asia Henry Hub 6.50 6.50 Capacity Charge 1.75 1.75 Shipping 1.00…
  10. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 10
    Proposed Liquefaction Project Will Transform 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…
  11. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 11
    Sabine Pass Liquefaction Project - Brownfield Development, Lower Expected Capital Costs Cost: /tpa Range of Liquefaction Project Costs: 200 - 1200 per tpa 1200 1 Bcf/d of capacity = 1.5 B to 9 B Our expected Sabine Pass capital…
  12. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 12
    LNG Project Support & Regulatory Very strong local support: Cameron Parish officials, Louisiana state and federal congressional delegations, parish & state agencies Strong support from most gas producing states Cheap ethane…
  13. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 13
    Commercial Offering service for a fee liquefaction and regasification in a combined bi-directional service Reservation fee between 1.40 and 1.75 per mcf of capacity reserved 1 Bcf/d = 510 million to 640 million of revenues Plus 10%…
  14. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 14
    MOUs for Bi-Directional Processing Capacity Signed To Date* Customer Capacity (mtpa) Morgan Stanley Capital Group 1.7 ENN Energy Trading 1.5 Gas Natural Fenosa 1.5 EDF Trading 1.5 Sumitomo 1.5 Total to date 7.7 Target…
  15. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 15
    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…
  16. CREDIT SUISSE ENERGY SUMMIT – 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. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 17
    CHENIERE ENERGY Appendix
  18. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 18
    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…
  19. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 19
    Ownership (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 sold…
  20. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 20
    Condensed Balance Sheets September 30, 2010 (in millions) Cheniere Energy Other Cheniere Consolidated Partners, L.P. Energy, Inc. (1) Cheniere Energy, Inc. (2) Unrestricted cash -- 82 82 Restricted cash and securities (3) 194 5…
  21. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 21
    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…
  22. CREDIT SUISSE ENERGY SUMMIT – 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. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 23
    Organizational Structure Existing Debt 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 255 mm 12.0% Senior Secured…
  24. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 24
    Global LNG Market 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 - 0.2…
  25. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 25
    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…
  26. CREDIT SUISSE ENERGY SUMMIT – Cheniere Energy, Inc. – slide 26
    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