Exhibit 99.1

Cheniere Energy Announces Two-for-One Stock Split

    HOUSTON--(BUSINESS WIRE)--March 14, 2005--Cheniere Energy, Inc.
(AMEX:LNG) announced today that its Board of Directors has approved a
two-for-one stock split of its common shares. The stock split will
entitle all shareholders of record at the close of business on April
8, 2005 to receive one additional share of common stock for each share
held on that date. The additional shares of common stock will be
distributed on April 22, 2005. After giving effect to the stock split,
there will be approximately 53,514,000 shares of common stock
outstanding.
    The Board's decision to split the stock will reduce the price per
share and is intended to broaden the shareholder base and increase the
liquidity and availability of shares for trading.

    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,
TX; 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.
             Suzanne McLeod, 713-265-0208
             Info@Cheniere.com