Exhibit 99.2

Federal Energy Regulatory Commission Issues Cheniere's Creole Trail LNG
        Receiving Terminal Final Environmental Impact Statement

    HOUSTON--(BUSINESS WIRE)--May 5, 2006--Cheniere Energy, Inc.
(AMEX:LNG) reported today that the Federal Energy Regulatory
Commission (FERC) has issued the Final Environmental Impact Statement
for Cheniere's Creole Trail LNG, L.P. and Cheniere's Creole Trail
Pipeline Company projects.
    The FERC Staff concludes that approval of the Creole Trail LNG
Receiving Terminal and Pipeline projects, with appropriate mitigating
measures as recommended, would have limited adverse environmental
impact.
    Cheniere initiated FERC's National Environmental Policy Act
pre-filing process for these projects in January 2005, and submitted
applications to FERC for authorization to site, construct and operate
the projects in May 2005.
    The Creole Trail LNG receiving terminal will be located at the
mouth of the Calcasieu Channel in Cameron Parish, Louisiana. The
facility is designed with LNG regasification capacity of 3.3 billion
cubic feet per day (Bcf/d), two unloading docks capable of handling up
to 250,000 cubic meter LNG shipping vessels, and four 160,000 cubic
meter tanks capable of holding 13.5 Bcf equivalent of LNG.

    Cheniere Energy, Inc.

    Cheniere Energy is developing a platform of three, 100% owned LNG
receiving terminal projects along the U.S. Gulf Coast. The three
terminals will have an aggregate send-out capacity of 9.9 billion
cubic feet of natural gas per day. Cheniere plans to leverage its
terminal platform by pursuing related LNG business opportunities both
upstream and downstream of the terminals. Cheniere is also the founder
and holds a 30% limited partner interest in a fourth LNG receiving
terminal, is a partner in an LNG shipping venture, and engages in oil
and gas exploration in the shallow waters of the U.S. Gulf of Mexico.
    Cheniere is based in Houston, Texas, with offices in Johnson
Bayou, Louisiana, and Paris, France. Additional information about
Cheniere may be found on the company's 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
             David Castaneda, 713-265-0202
             or
             Christina Cavarretta, 713-265-0208