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OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Oct 11, 2010 · 23 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. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 1
    Discussion Materials October 2010
  2. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 2
    LNG Production, Capacity, Utilization Production +5.5 Bcf/d 2009, 24% increase YoY in 1H10 2008 2010 Average Capacity Utilization 83% vs historical 90% 2 Bcf/d remaining capacity to bring on line by 1Q2011 Bcf/d Percent %…
  3. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 3
    Jan Jul Average LNG Imports by Region, Bcf/d Asian & European demand absorb production increases Bcf/d LNG Imports, Jan - Jul 27.8 2.4 22.8 23.3 23.0 1.4 2.0 2.8 8.4 5.9 5.4 6.5 16.0 17.0 14.5 14.5 2007 2008 2009…
  4. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 4
    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…
  5. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 5
    Productive Capacity Relative to Demand Projected productive capacity at 6.50 Bcf/d Reduction in estimated demand 90 -21.5 Bcf/d 80 -21.4 Bcf/d -10.0 Bcf/d -17.2 Bcf/d 70 Other 60 Electric Generation 50…
  6. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 6
    Attractive Oil Linked Market Prices / MMBtu Regional Natural Gas & LNG Prices 20 18 12% 12% 15% 15% 16 of of Oil Oil Prices Prices 14 12.36 12 11.77 10 8 6 5.16 4 4.73 2 0 Jan Jul Jan Jul Jan Jul Jan Jul Jan Jul Jan Jul Jan…
  7. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 7
    Sabine Pass LNG Aerial view of Sabine Pass LNG Terminal 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 Four dedicated tugs Land 853…
  8. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 8
    Contracted Capacity TUAs Summary of 20-year Terminal Use Agreements (4) Total Gas & Power N.A. Chevron USA Cheniere Energy Investments Capacity 1.0 Bcf/d 1.0 Bcf/d 2.0 Bcf/d Fees (1) (2) Reservation Fee 0.28/MMBTU 0.28/MMBTU…
  9. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 9
    Sabine Pass is Interconnected with the Extensive Shale Resource Base Shale Gas Plays Lower 48 States Montana Thrust Belt Williston Cody Basin Gammon Hilliard Michigan Appalachian Greater Baxter- Basin Antrim Basin Green…
  10. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 10
    Sabine Pass LNG: Bi-directional Import / Export Proposed Liquefaction Project - Overview Leveraging existing assets Large acreage position (853 acres) Can readily accommodate 4 liquefaction trains (up to 2 Bcf/d capacity)…
  11. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 11
    Sabine Pass LNG: Bi-directional Import / Export Phase 1 Liquefaction Artist Rendition 2 X 0.5 bcf/d Trains 312
  12. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 12
    Low Cost Liquefaction Facilities Proven Technology ConocoPhillips-Bechtel Global Liquefaction Collaboration Cost: /Ton 450 400 350 300 250 200 150 100 50 0 Qatargas Nigeria RasGas ELNGT1 Oman ALNGT1 ALNGT1-3…
  13. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 13
    Commercial Structure Estimated Terms for LNG Sales Agreements Capacity fee includes regasification and liquefaction services - provides customer option to import or export Estimated cost to purchase U.S. supply: Capacity Fee:…
  14. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 14
    Destination Market Economics Oil/HH Price Ratio Oil Price Assumption 90.00 /bbl 24 Europe Asia Americas 22 Gas Opportunity Cost (% Oil) 11.0% 14.8% 17.2% Europe (11%) Gas Price 9.90 13.32 15.52 20 Asia (14.8%) Less: Receiving…
  15. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 15
    Regulatory Approval Process Dual regulatory tracks with the DOE and FERC FERC coordinates federal & state review of proposals to build LNG terminals DOE regulates imports and exports of natural gas Key regulatory and legislative…
  16. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 16
    Sabine Pass Liquefaction Proposed Project Timeline File DOE Begin NEPA Notice Applications Execute EPC Construction (beginning of six Agreement DOE Authorization Commence month consultation Bi-directional to export natural…
  17. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 17
    Conclusions The 2007 2009 liquefaction build out is nearly completed Liquefaction capacity utilization is still relatively low Worldwide gas demand has returned to 2008 levels U.S. need for LNG muted by unconventional gas…
  18. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 18
    i Appendix
  19. OCTOBER 2010 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. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 20
    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 247 mm 12.0% Convertible…
  21. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 21
    Estimated Future Cash Flows Cheniere Energy Partners, L.P. ( in MM) Annualized* Receipts TUA Customers 251 Fuel Retainage, Tugs, Other 7 Disbursements Operating Expenses 34 Management Fees 8 Debt Service 165 Distributable…
  22. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 22
    Estimated 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 Other,…
  23. OCTOBER 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 23
    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

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