Exhibit 99.1

Cheniere Energy Receives FERC Authorization to Commence Construction on Sabine
Pass LNG Receiving Terminal

    HOUSTON--(BUSINESS WIRE)--March 10, 2005--Cheniere Energy Inc.
(AMEX:LNG) reports that its wholly-owned limited partnership, Sabine
Pass LNG, L.P. (Sabine), has received regulatory clearance to commence
construction of its 2.6 billion cubic feet per day liquefied natural
gas receiving terminal in Cameron Parish, La. The authorization
granted by the Federal Energy Regulatory Commission (FERC) is pursuant
to and in accordance with the FERC's Dec. 21, 2004 Order Granting
Authority under Section 3 of the Natural Gas Act and Issuing
Certificates.
    Under Sabine's EPC agreement with Bechtel Corporation announced in
December of 2004, Sabine gave Bechtel Limited Notice to Proceed for
off-site engineering and preparatory work which commenced earlier this
year. With issuance of this FERC authorization, crews will now move on
to the site to begin construction. The Sabine Pass LNG receiving
terminal is anticipated to commence operations in 2008.
    Cheniere Energy Inc. is a Houston-based energy company engaged in
developing LNG Receiving Terminals and Gulf of Mexico Exploration &
Production. Cheniere is developing 100% owned Gulf Coast LNG Receiving
Terminals near Sabine Pass in Cameron Parish, La.; near Corpus
Christi, Texas; and near the Creole Trail in Cameron Parish, La.
Cheniere is also a 30% limited partner in Freeport LNG Development,
L.P., which is building an LNG Receiving Terminal in Freeport, Texas.
Cheniere explores for oil and gas in the Gulf of Mexico using a
regional database of 7,000 square miles of PSTM 3D seismic data.
Cheniere owns 9% of Gryphon Exploration Company, along with Warburg,
Pincus Equity Partners, L.P., which owns 91%. Additional information
about Cheniere Energy Inc. may be found on its Web site at
www.Cheniere.com.
    This press release contains certain statements that may include
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. All statements, other than statements of historical facts,
included herein are "forward-looking statements." Included among
"forward-looking statements" are, among other things, (i) statements
regarding Cheniere's business strategy, plans and objectives and (ii)
statements expressing beliefs and expectations regarding the
development of Cheniere's LNG receiving terminal business. Although
Cheniere believes that the expectations reflected in these
forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may prove
to be incorrect. Cheniere's actual results could differ materially
from those anticipated in these forward-looking statements as a result
of a variety of factors, including those discussed in Cheniere's
periodic reports that are filed with and available from the Securities
and Exchange Commission. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Other than as required under the securities laws,
Cheniere does not assume a duty to update these forward-looking
statements.

    CONTACT: Cheniere Energy Inc., Houston
             Investor Relations
             Suzanne McLeod, 713-265-0208
             Info@Cheniere.com