Cheniere Energy Barclays CEO Energy-Power Conference September, 2014
Summary Organizational Structure Cheniere Energy, Inc. (NYSE MKT: LNG) 84.5% Interest 100% Interest 100% Interest 100% Interest Cheniere Energy Partners Cheniere Corpus Christi Public Cheniere Energy 15.5% LP Holdings, LLC…
Projected Global LNG Demand Growth Regional LNG Import Outlook (mtpa) Europe 24 64 95 2015 2020 2030 Asia 383 Americas 268 198 21 17 24 2015 2020 2030 2015 2020 2030 Middle East/N. Africa 4 9 38 2015 2020 2030…
Chenieres LNG Export Facilities Offer Attractive Pricing for Global LNG Buyers Worldwide LNG Prices = 11% to 15% of Crude Oil /MMBtu Regional Natural Gas & LNG Prices July 2014 Example Prices 20 Henry Hub: 4.00 / MMBtu 18 Brent…
Cheniere Developments/Strategy Liquefaction: 9 trains - 40.5 MTPA - 5.5Bcf/d LNG Exports Sabine Pass Liquefaction 6 Train Development 27 MTPA - 3.8 Bcf/d in export capacity Trains 1-4 are under construction; Train 1 on schedule for…
Brownfield LNG Export Project: Sabine Pass Liquefaction Utilizes Existing Assets, Trains 1-4 Fully Contracted, Under Construction Current Facility 1,000 acres in Cameron Parish, LA 40 ft ship channel 3.7 miles from coast 2 berths; 4…
LNG Sale and Purchase Agreements (SPAs) Sabine Pass Liquefaction 20 mtpa take-or-pay style commercial agreements 2.9B annual fixed fee revenue for 20 years BG Gulf Coast LNG Gas Natural Fenosa Korea Gas Corporation GAIL (India)…
Corpus Christi Liquefaction Project Proposed 3 Train Facility 1,000 acres owned and/or controlled HoustonNew Orleans 2 berths, 3 LNG storage tanks (10.1 Bcfe of storage) Corpus Christi Gulf of Mexico Key Project Attributes 45 ft.…
Corpus Christi Liquefaction SPAs SPA progress: 7.65 mtpa take-or-pay style commercial agreements 1.4B annual fixed fee revenue for 20 years PT Pertamina (Persero) Endesa S.A. Iberdrola S.A. Gas Natural Fenosa Woodside Energy…
Regulatory Approvals Needed for Corpus Christi and SPL Trains 5-6 Corpus Christi Trains 1-3 FERC: Scheduling Notice received 2/2014, final EIS expected October 8, 2014, 90-day federal authorization decision deadline January 6, 2015…
FERC Applications Filed for Liquefaction Projects LNG Export Projects Pre-filing Date Application Date FERC Scheduling EIS / EA Scheduled Date for Recd Notice Issued EIS or EA Approval Sabine Pass Liquefaction T1-4 July 26, 2010…
U.S. LNG Export Projects Quantity Company DOE FERC* Contracts (Bcf/d) Cheniere Sabine Fully 2.2 Fully permitted Pass T1 T4 Subscribed FTA + Fully Oregon LNG Freeport 1.8 NonFTA A Subscribed FTA + Fully Lake Charles 2.0 v…
Timeline & Milestones Target Date SPL Corpus SPL Milestone T1-2 T3-4 Christi T5-6 Initiate permitting process (FERC & DOE) T5 Commercial agreements T1-T2 T6: 2014 EPC contract 2015 Financing commitments 2014 2015…
Cheniere Marketing Cheniere developing platform for LNG sale opportunities to international markets International LNG marketing operation Professional staff based in London, Houston, Santiago, and Singapore SPA with SPL for all LNG…
Financial Estimates 19
Estimated CEI EBITDA Build Up SPL Trains 1-6 and CCL Trains 1-3 5.0 3.3 - 4.3 CEI EBITDA ( in billions) 4.0 0.5 2.6 - 3.2 0.7 3.0 0.1 0.1 1.9 - 2.4 0.5 0.3 2.0 1.0 - 1.2 1.0 1.0 0.7 0.2 0.3 SPL Sales (T1-4) SPL CMI…
Potential Financial Profile of CEI Cheniere development of 41 MTPA of US liquefaction capacity (9 trains) is expected to lead to: EBITDA of 3.3 - 4.3 billion(1)(2) (unconsolidated) CEI level debt of 4 billion(3) (unconsolidated)…
Financial Strength Demonstrated ability to raise capital, multiple options available Other Cheniere Consolidated As of June 30, 2014 CQP Energy, Inc. CEI Unrestricted cash and equivalents 0 890 890 Restricted cash and securities…
Chenieres Debt Summary As of August 2014 ( in millions) No Debt Cheniere Energy, Inc. (NYSE: LNG) Cheniere Energy Corpus Christi CQP GP Cheniere Marketing, No Debt Partners LP Holdings, LLC Liquefaction, LLC (& IDRs) LLC (NYSE:…
Contracted Capacity at SPLNG Third Party Terminal Use Agreements (TUAs) Long-term, 20 year take-or-pay style commercial contracts 253MM annual fixed fee revenue Total Gas & Power N.A. Chevron U.S.A. Inc. Capacity 1.0 Bcf/d 1.0…
Creole Trail Pipeline In May 2013, Cheniere Partners acquired CTPL from Cheniere Energy, Inc. for 480MM, and following the sale CTPL secured a 400 million senior secured term loan facility CTPL is fully contracted with expected…
LSTK EPC Contracts with Bechtel Minimize Construction Costs and Risks Bechtel was the EPC contractor for the regasification project at the Why Bechtel Sabine Pass LNG terminal, which was constructed on time and on budget Proven…
Global LNG Supply & Demand LNG Importers - Price Indexation 2013 Global LNG Capacity: 38 Bcf/d Oil Products Alge ria - 2.7 2013 Global LNG Demand: 31 Bcf/d Natural Gas Norway - 0.5 Japan Crude Cocktail Egypt - 1 Qatar 10.1 USA -…
Firm Liquefaction Capacity Additions (Bcf/d) Nameplate Liquefaction Capacity 38 Bcf/d as of YE 2013 54 Bcf/d by YE 2019 Bcf/d 3.00 2.75 Asia Pacific SPL T2, Gorgon T2, Petronas FLNG1 Atlantic Basin APLNG T2 2.50 Gladstone T1…
Multiple Local Pipeline Interconnections Provide Several Options for Access to Natural Gas Supply Cheniere Creole Trail Pipeline Trunkline Kinder Morgan Louisiana Pipeline NGPL Texas to Louisiana (bi-directional) Pine Prairie…
Cheniere Marketing SPA Example Annual Profit from 2 mtpa Volumes LNG Loaded Sabine Pass (Tbtu) 104 Assumptions LNG Delivered DES (Tbtu) 98 5 Henry Hub Price Cash Flows 15 LNG sales price, delivered Sales at terminal Total…
Conversion of Class B and Subordinated Units Class B Units: Mandatory conversion: within 90 days of the substantial completion of Train 3 Optional conversion by a Class B unitholder may occur at any of the following times: After 83…
Pro Forma CQP Ownership (in millions) CEI CQH(3) Blackstone Public Total Common units (1) 12.0 45.1 57.1 Class B units (1) 45.3 100.0 145.3 Subordinated units (1) 135.4 135.4 General Partner 2% 6.9 6.9 6.9 192.7 100.0 45.1 344.7…
Investor Relations Contacts Randy Bhatia: Director, Finance and Investor Relations (713) 375-5479, randy.bhatiacheniere.com Christina Burke: Manager, Investor Relations (713) 375-5104, christina.burkecheniere.com
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