Exhibit 99.1



         Cheniere Energy Announces Closing of $2.032 Billion
             Sabine Pass LNG, L.P. Senior Notes Offering


    HOUSTON--(BUSINESS WIRE)--Nov. 9, 2006--Cheniere Energy, Inc.
(AMEX:LNG) announced today that its wholly-owned subsidiary, Sabine
Pass LNG, L.P., has closed its previously announced private placement
of $550 million of 7.25% senior secured notes due 2013 and $1,482
million of 7.50% senior secured notes due 2016. The notes were offered
and sold in the United States only to qualified institutional buyers
pursuant to Rule 144A under the Securities Act of 1933, as amended
(the "Securities Act"), and in offshore transactions to non-United
States persons in reliance on Regulation S under the Securities Act.

    At closing, net proceeds of approximately $2,000 million from the
offering were used as follows: approximately $380 million to repay
borrowings under, and replace, the $1.5 billion project finance
facility of Sabine Pass LNG; approximately $380 million to distribute
funds to Cheniere LNG Holdings, LLC that it used, together with other
funds, to repay its approximately $600 million of term debt;
approximately $335 million to fund a reserve account for scheduled
interest payments on the notes through May 2009; and approximately $18
million to pay transaction costs and expenses. The remaining
approximately $887 million of net proceeds of the offering will be
used to fund the remaining costs to complete Phase 1 and Phase 2-Stage
1 of the Sabine Pass LNG receiving terminal.

    The notes sold by Sabine Pass LNG were not registered under the
Securities Act or any state securities laws, and, unless so
registered, may not be offered or sold in the United States except
pursuant to an exemption from the registration requirements of the
Securities Act and applicable state securities laws.

    This announcement does not constitute an offer to sell, or the
solicitation of an offer to buy, any security and shall not constitute
an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale would be unlawful.

    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, statements
regarding the business strategy, plans and objectives of Cheniere or
Sabine Pass LNG. 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. The actual results for Cheniere or Sabine
Pass LNG could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including market conditions and other risks typically associated with
securities offerings. In particular, the forward-looking statements of
Cheniere or Sabine Pass LNG are subject to the risks and uncertainties
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
             Christina Cavarretta, 713-265-0208
             Manager Investor Relations