Skip to main content DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. | Shale Experts
Loading...
Pm

DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Dec 10, 2009 · 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. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 1
    CHENIERE ENERGY Cheniere Energy Corporate Presentation December 2009
  2. DECEMBER 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. DECEMBER 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. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 4
    Sabine Pass LNG Cheniere Energy, Inc. 90.6% Aerial view of Sabine Pass LNG August 2009 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…
  5. DECEMBER 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. DECEMBER 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. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 7
    Estimated Future Cash Flows Cheniere Energy, Inc. ( in MM) Annualized* Receipts Freeport investment 10-20 Distributions from CQP 254 Management fees from CQP 19 Disbursements Cheniere Marketing TUA Sabine Pass 252 G&A 30-40…
  8. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 8
    Estimated Future Cash Flows Cheniere Energy Partners ( in MM) Annualized* Receipts TUA Customers 503 Disbursements Operating Expenses 34 Management Fees 19 Debt Service 165 Available Cash 285 Distributions to Unitholders…
  9. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 9
    Current Global Issues for LNG and Natural Gas The world has abundant reserves of natural gas, but will they be produced The current global gas oversupply is expected to last at least 2 to 4 years The growth of LNG production capacity…
  10. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 10
    Global Prices & Linkage Implications Convergence of spot prices Disconnect from crude US/MMBtu US/Barrel 25 150 US Henry Hub UK NBP 20 120 Asia Spot LNG Avg JCC 15 Brent Crude 90 10 60 5 30 JCC = Japanese Crude…
  11. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 11
    Global Natural Gas Supply & Demand Rapid reserve and demand growth TCF Global Proved Gas Reserves Since 1980 Trillion Cubic Feet World Gas Demand: +94% 7,000 Bcf/d World Gas Demand World Gas Reserves:+140% 300 6,000 200 281…
  12. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 12
    Liquefaction Capacity Growing Sharply Liquefaction Capacity 45 40 35 30 25 Bcf/d 20 15 10 5 0 2001H 2002H 2003H 2004H 2005H 2006H 2007H 2008H 2009F 2010F 2011F 2012F 2013F…
  13. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 13
    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…
  14. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 14
    Russia and U.S. Account for Nearly 40% of Natural Gas Production Natural Gas Producers by Country 70 23.7% 60 20.3% 50 16.9% Percent of Total 40 13.5% Bcf/d 30 10.1% 20 6.7% 10 3.3% 0 -0.1% Russia UK…
  15. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 15
    How Will Current Market Conjuncture Affect the Evolution of these Pricing Mechanisms Regulation Bilateral Social/Political Regulation Cost Netback from Monopoly 9% of Service Final Product 8% 3% 1% No Price 1% Regulation…
  16. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 16
    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…
  17. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 17
    New Asia Pipelines Major projects boost access to indigenous reserves Russia Siberia Turkmenistan- 1,600 Tcf 1,500+ Tcf China Pipeline Proved Unexplored +3 Bcf/d Potential CBM New Asia Pipes Bcf/d Throughput Capacity Central…
  18. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 18
    European Suppliers are Undertaking a Significant Expansion of Pipeline Capacity Large and Growing Piped Gas Supply Existing Pipeline New Pipeline Consumption: 50 Bcf/d in 2008 Expansion Pipeline import capacity: 40 Bcf/d Indigenous…
  19. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 19
    Projected LNG Flows in 2010 Global LNG Supply of 30 Bcf/d Existing Liquefaction Under Construction Proposed Liquefaction 2010 Liquefaction Capacity 2010 Consumption Europe Europe 5-7 5-7 Bcf/d Bcf/d Asia Asia Pacific…
  20. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 20
    Conclusions North America is about to join the global gas market Unconventional reserves and the growth of the LNG trade are challenging the conventional business models Questions: Can the oil linked model survive Which gas price…
  21. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 21
    Appendix
  22. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 22
    Organizational Structure NYSE Amex US: LNG 205 mm 2.25% Convertible Senior Unsecured Notes due 2012 100% Ownership Interest Cheniere LNG Holdings, LLC 400 mm 9.75% Term Loan due 2012 283 mm 12.0% Convertible Senior Secured…
  23. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 23
    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…
  24. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 24
    Condensed Balance Sheet September 30, 2009 (in millions) Cheniere Energy Other Cheniere Consolidated Partners, L.P. Energy, Inc. (1) Cheniere Energy, Inc. (3) Unrestricted cash -- 87 87 Restricted cash and securities (2) 259 7…
  25. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 25
    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…
  26. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 26
    North America Onshore Regasification Capacity By 2010 Terminal Baseload 15.8 Bcf/d North American Atlantic Basin Capacity Holder Sendout capacity 65% utilization = 10.3 Bcf/d (MMcf/d) Canaport 1,000 Canaport Canaport Irving,…
  27. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 27
    Historical LNG Imports by Region (Bcf/d) OECD Piped Imports from Norway, Netherlands, European LNG Imports 40 Algeria, Russia 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…
  28. DECEMBER 2009 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 28
    CHENIERE ENERGY Cheniere Energy Investor Relations Katie Pipkin, Vice President (713) 375-5110 katie.pipkincheniere.com Christina Cavarretta, Manager (713) 375-5104 Christina.cavarrettacheniere.com

From the store

Browse maps, data & reports in the Shale Experts store