This presentation contains certain statements that are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of the Securities
Act and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act.  All statements, other than statements of historical facts, included
herein are “forward-looking statements.”  Included among “forward-looking statements” are, among other things:

statements that we expect to commence or complete construction of each or any of our proposed liquefied natural gas, or LNG, receiving terminals by
certain dates, or at all;

statements that we expect to receive Draft Environmental Impact Statements or Final Environmental Impact Statements from the Federal Energy
Regulatory Commission, or FERC, by certain dates, or at all, or that we expect to receive an order from FERC authorizing us to construct and operate
proposed LNG receiving terminals by a certain date, or at all;

statements regarding future levels of domestic natural gas production and consumption, or the future level of LNG imports into North America, or
regarding projected future capacity of liquefaction or regasification facilities worldwide regardless of the source of such information;

statements regarding any financing transactions or arrangements, whether on the part of Cheniere or at the project level;

statements relating to the construction of our proposed LNG receiving terminals, including statements concerning estimated costs, and the
engagement of any EPC contractor;

statements regarding any Terminal Use Agreement, or TUA, or other commercial arrangements presently contracted, optioned, marketed or potential
arrangements to be performed substantially in the future, including any cash distributions and revenues anticipated to be received;

statements regarding the commercial terms or potential revenue from any arrangements which may arise from the marketing of uncommitted capacity
from any of the terminals, including the Creole Trail and Corpus Christi terminals which do not currently have contractual commitments;

statements regarding the commercial terms or potential revenue from any arrangement relating to the proposed contracting for excess or expansion
capacity for the Sabine Pass LNG Terminal or the Indexed Gas Purchase Examples described in this presentation;

statements that our proposed LNG receiving terminals, when completed, will have certain characteristics, including amounts of regasification and
storage capacities, a number of storage tanks and docks and pipeline interconnections;

statements regarding possible expansions of the currently projected size of any of our proposed LNG receiving terminals;

statements regarding our business strategy, our business plan or any other plans, forecasts, examples, models, forecasts or objectives; and

any other statements that relate to non-historical information.

These forward-looking statements are often identified by the use of terms and phrases such as “achieve,” “anticipate,” “believe,” “estimate,” “example,” “expect,”
“forecast,” “opportunities,” “plan,” “potential,” “project,” “propose,” “subject to,” and similar terms and phrases.  Although we believe 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.  You
should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation.  

Our 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 “Risk factors” discussed in our Annual Report on Form 10-K for the year ended December 31, 2004, as amended by Amendment No. 1 thereto, which are
incorporated by reference into this presentation. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their
entirety by these risk factors. These forward-looking statements are made as of the date of this presentation.

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