Exhibit 10.1
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                Summary of Compensation to Non-Employee Directors
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         On July 25, 2006, the Compensation Committee of the Board of Directors
(the "Board") of Cheniere Energy, Inc. (the "Company") approved the payment of
$100,000 to each non-employee director of the Company as compensation for
services for the period from the current year's annual meeting of Stockholders
(May 23, 2006) until the next year's annual meeting of Stockholders (the "Annual
Period"). An additional payment of $20,000 was approved for the chairman of the
Audit Committee and the chairman of the Compensation Committee for the Annual
Period. The payment shall be made, at the election of the director, either 100%
in shares of the Company's restricted stock, 100% in cash or 50% in cash and 50%
in shares of restricted stock. Cash payments shall be made quarterly as of the
last business day of July, October, January and April, beginning on July 31,
2006. Shares of restricted stock will be issued in December 2006. The number of
restricted shares to be issued will be determined based on a 25% discount to the
closing price of the Company's common stock as reported on the American Stock
Exchange on the date of the Company's December 2006 Board meeting or the last
business day of the calendar year, if there is no December Board meeting (the
"Date of Grant"). Vesting will occur for one-third of the restricted shares on
each anniversary of the Date of Grant beginning on the first anniversary of the
Date of Grant.