Exhibit
99.1
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1 Title: Corporate Presentation November 2007 CHENIERE ENERGY, INC.
(Gp:) Corpus Christi LNG, LLC Cheniere Energy, Inc.
100% Artist’s Rendition (Gp:) Creole Trail
LNG, L.P. Cheniere Energy, Inc. 100% Freeport
LNG Development, L.P. Cheniere Energy, Inc.
30% Sabine Pass LNG, L.P. Cheniere
Energy Partners, L.P. Cheniere Energy, Inc. 91%
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2 Body: 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 authorization from
the Federal Energy Regulatory Commission, or FERC, 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, liquifaction utilization or total monthly LNG trade 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 and potential revenues from activities described
in this presentation; 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 Purchase Agreement (“IPA”) or LNG spot 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 Cheniere and Cheniere Marketing forecasts, and any potential revenues
and capital expenditures which may be derived from any of Cheniere business
groups; statements regarding Cheniere Pipeline Company,
and the capital expenditures and potential revenues related to this business
group; statements regarding our proposed LNG receiving terminals’ access to
existing pipelines, and their ability to obtain transportation capacity on
existing pipelines; statements regarding the Louisiana Natural Gas
Header, and its potential business opportunities statements
regarding possible expansions of the currently projected size of any of our
proposed LNG receiving terminals; statements regarding the
payment by Cheniere Energy Partners, L.P. of cash
distributions; statements regarding our business strategy, our
business plan or any other plans, forecasts, examples, models, or objectives;
any or all of which are subject to change; statements
regarding estimated corporate overhead expenses; 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” in the Cheniere Energy,
Inc. Annual Report on Form 10 K for the year ended December 31, 2006, 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, and we
undertake no obligation to publicly update or revise any forward looking
statements. Safe Harbor Act
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3 Title: Value Drivers Cheniere
Marketing Asset Development Partnership Interests Sabine
Pass LNG 4.0 Bcf/d LNG Terminal Cheniere
Energy Partners, L.P. [AMEX:CQP] 91% Interest (GP & LP
units) Creole Trail LNG Terminal Creole
Trail Pipeline Corpus Christi LNG
Terminal Freeport LNG Development, L.P.(Freeport LNG Terminal) 30%
Equity Interest Louisiana Natural
Gas Header (Proposed Pipeline)
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4 Title: Freeport LNG Development, L.P. Cheniere Energy, Inc.
30% Expect to begin cash distributions in 3rd quarter
2008
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5 Title: Cheniere Energy Partners, L.P. (AMEX: CQP) Sabine Pass LNG, L.P.
Cheniere Energy, Inc. 91% Sabine Pass Construction Site – November
2007
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6 Title: Sabine Pass Terminal Update November 2007
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7 Title: Cheniere Energy Partners Growth Projects Body: Fuel Efficiency Projects
at Sabine Pass LNG Waste Heat Recovery and Ambient Air Vaporizers (AAV)More
economical process to reheat LNG, replaces SCVs Developed over next few years,
expected in service 2010 – 2011 Funding from excess cash and financing Louisiana
Natural Gas Header Proposed pipeline extending from Louisiana to
Alabama
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8 Title: Louisiana Natural Gas Header Proposed Pipeline Body: After construction
completion it will provide supply diversity Access to new and
existing LNG gas supply in and around Louisiana; nearly 10 Bcf/d regas capacity
by 2010 Access to traditional offshore, onshore and recently
developed unconventional supply Connect to growing Southeast demand
markets Natural gas demand expected to increase driven by electric generation
Incremental natural gas necessary to satisfy new electric generation in Florida
alone is estimated at 1Bcf/d 330 mile long proposed interstate
pipeline system comprised of both 42 inch and 36 inch diameter pipeline Expected
in service date as early as mid 2010 Non binding open season held from November
15 to January 15 to gauge prospective shipper interest
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9 Dq SESH Lucedale SONAT Gulf
South FGT 11 Tennessee Dequincy TGC, TETCO,
Transco 45, Sempra, Liberty Storage Cheniere Sabine Pass
LNG Johnson Bayou NGPL, Bridgeline,
SWLateral TETCO FGT Tennessee (Gp:)
Scale Approximate (Gp:) 0 (Gp:) 40 (Gp:) 60 miles (Gp:)
20 FGT 9 Am LIG Louisiana
Natural Gas Header Gulfstream Eunice ANR, TxGas, Egan
Storage, Pine Prairie Storage Transco 65 Louisiana Natural
Gas Header Creole Trail – Under Construction Creole Trail
– FERC Authorized
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10 Title: Value Drivers Cheniere
Marketing Asset Development Partnership Interests Sabine
Pass LNG 4.0 Bcf/d LNG Terminal Cheniere
Energy Partners, L.P. [AMEX:CQP] 91% Interest (GP & LP
units) Creole Trail LNG Terminal Creole
Trail Pipeline Corpus Christi LNG
Terminal Freeport LNG Development, L.P.(Freeport LNG Terminal) 30%
Equity Interest Louisiana Natural
Gas Header (Proposed P/L) Under construction;
estimated construction costs $500
million Site preparation completed Pending final investment
decision Permitted, Pending final investment
decision
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11 Sabine PL Targa Transco Gulf
South Trunkline Jefferson Island Storage Sabine
Pass LNG Terminal Phase I – 2Q 2008 Phase II – 2Q
2009 Creole Trail LNG Terminal Henry
Hub Varibus NGPL Transco Bridgeline Tennessee Florida
Gas Creole Trail Pipeline Liberty
Storage Starks Storage Hackberry Storage Texas
Eastern Gulf Coast Markets Northeast Markets Southeast Markets
Midwest / Great Lakes Markets Connects with Henry Hub Gulf of
Mexico 4Q 2007 ANR Texas
Gas Transco Florida Gas Columbia
Gulf Cypress Egan Storage Pine
Prairie Energy Center Tennessee 2Q 2008 M.P.
58 Creole Trail – MP 58 Creole Trail – Phase
II 11 Potential Pipeline
Interconnects: 2 Bcf/d capacity, 1200
btu
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12 Title: Value Drivers Cheniere
Marketing Asset Development Partnership Interests Sabine
Pass LNG 4.0 Bcf/d LNG Terminal Cheniere
Energy Partners, L.P. [AMEX:CQP] 91% Interest (GP & LP
units) Creole Trail LNG Terminal Creole
Trail Pipeline Corpus Christi LNG
Terminal Freeport LNG Development, L.P.(Freeport LNG Terminal) 30%
Equity Interest Louisiana Natural
Gas Header (Proposed P/L)
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13 Everett Cove Point Elba
Island Lake Charles Sabine
Pass Freeport Golden
Pass Cameron Costa
Azúl Canaport Existing Under
Construction Altamira Source: Websites of Terminal Owners,
Wood Mackenzie Limited, Poten & Partners Title: North America Onshore
Regasification Capacity By 2010 15.8 Bcf/d North American Atlantic
Basin
capacity 65%
utilization = 10.3 Bcf/d
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14 Title: Constraint is not Regasification but Natural Gas Consumption Source:
GIIGNL; Waterborne LNG, Cheniere Research Regasification is built for peak
utilization because of seasonal variations
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15 Title: Contractual Trends Away from
Utilities 0 10 20 30 40 50 Bcf/d 2005 2006 2007 2008 2009 2010 2011 2012 Non
Utility Uncommitted Utility 44% of 2010
LNG supply will seek premium markets Source: Estimates according to
Cheniere Research
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16 Title: NYMEX vs. NBP – November 2, 2007 Historical Data Futures as
of 11/02/07
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17 Title: Worldwide Liquefaction Capacity Source: GIIGNL; Poten,
Cheniere Research (Gp:) 15 (Gp:) 16 (Gp:) 17 (Gp:) 18 (Gp:) 19 (Gp:)
20 (Gp:) 21 (Gp:) 22 (Gp:) 23 (Gp:) 24 (Gp:) 25 (Gp:) 26 (Gp:) 27 (Gp:) 28
(Gp:)
29 (Gp:) 30 (Gp:) Jan (Gp:) Feb (Gp:) Mar (Gp:) Apr (Gp:) May (Gp:) Jun (Gp:)
Jul (Gp:) Aug (Gp:) Sep (Gp:) Oct (Gp:) Nov (Gp:) Dec (Gp:) 2007 (Gp:) 2004
(Gp:) 2005 (Gp:) 2006 (Gp:) NLNG T6 (Gp:) Snohvit (Gp:) RG T5 (Gp:) Eq. Guinea
(Gp:) Bcf/d
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18 Title: Liquefaction Growth (Gp:) Worldwide
Liquefaction (Gp:) (Gp:) 5 (Gp:) 10 (Gp:) 15 (Gp:)
20 (Gp:) 25 (Gp:) 30 (Gp:) 35 (Gp:) 40 (Gp:) 45 (Gp:) Q1 (Gp:) Q2 (Gp:) Q3
(Gp:)
Q4 (Gp:) Q1 (Gp:) Q2 (Gp:) Q3 (Gp:) Q4 (Gp:) Q1 (Gp:) Q2 (Gp:) Q3 (Gp:) Q4
(Gp:)
Q1 (Gp:) Q2 (Gp:) Q3 (Gp:) Q4 (Gp:) Q1 (Gp:) Q2 (Gp:) Q3 (Gp:) Q4 (Gp:) Q1
(Gp:)
Q2 (Gp:) Q3 (Gp:) Q4 (Gp:) Q1 (Gp:) Q2 (Gp:) Q3 (Gp:) Q4 (Gp:) 2004 (Gp:)
2005
(Gp:) 2006 (Gp:) 2007 (Gp:) 2008 (Gp:) 2009 (Gp:) 2010 (Gp:)
Bcf/d
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19 Title: Worldwide Liquefaction Utilization Source: Poten, Cheniere
Research (Gp:) 0% (Gp:) 10% (Gp:) 20% (Gp:) 30% (Gp:) 40% (Gp:) 50%
(Gp:) 60% (Gp:) 70% (Gp:) 80% (Gp:) 90% (Gp:) 100% (Gp:) 110% (Gp:) 120%
(Gp:)
Jan (Gp:) Feb (Gp:) Mar (Gp:) Apr (Gp:) May (Gp:) Jun (Gp:) Jul (Gp:) Aug
(Gp:)
Sep (Gp:) Oct (Gp:) Nov (Gp:) Dec (Gp:) 2007 (Gp:) 2004 (Gp:) 2005 (Gp:)
2006
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20 Title: Europe – Total LNG Imports Source: Poten, Cheniere
Research (Gp:) Bcf/d (Gp:) 0 (Gp:) 1 (Gp:) 2 (Gp:) 3 (Gp:) 4 (Gp:) 5
(Gp:) 6 (Gp:) 7 (Gp:) 8 (Gp:) 9 (Gp:) 10
(Gp:) Jan (Gp:) Feb (Gp:) Mar (Gp:) Apr (Gp:) May (Gp:) Jun (Gp:) Jul (Gp:) Aug (Gp:) Sep (Gp:) Oct (Gp:) Nov (Gp:) Dec (Gp:)
2007 (Gp:) 2006 Total (Gp:) 2005 Total
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21 Title: Asia – Total LNG Imports Source: Poten, Cheniere
Research (Gp:) 0 (Gp:) 2 (Gp:) 4 (Gp:) 6 (Gp:) 8 (Gp:) 10 (Gp:) 12
(Gp:) 14 (Gp:) 16 (Gp:) 18 (Gp:) 20 (Gp:) Jan (Gp:)
Feb (Gp:) Mar (Gp:) Apr (Gp:)
May (Gp:) Jun (Gp:) Jul (Gp:)
Aug (Gp:) Sep (Gp:) Oct (Gp:)
Nov (Gp:) Dec (Gp:) Bcf/d (Gp:) 2007 (Gp:) 2006 (Gp:)
2005
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22 Title: North America – Total LNG Imports Source: Poten, Cheniere
Research (Gp:) 0 (Gp:) 1 (Gp:) 2 (Gp:) 3 (Gp:) 4 (Gp:) 5 (Gp:) Jan
(Gp:) Feb (Gp:) Mar (Gp:) Apr (Gp:) May (Gp:) Jun (Gp:) Jul (Gp:) Aug (Gp:)
Sep
(Gp:) Oct (Gp:) Nov (Gp:) Dec (Gp:) Bcf/d (Gp:) 2007 (Gp:) 2006 (Gp:)
2005
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23 1 Bcf/d by 2010 12 Bcf/d of undecided gas globally 86% of Henry
Hub 94% 65 cents (GdF transaction) Seek to capture portion of
redirect rights Estimate 30 cargoes annually Title: Cheniere
Marketing Strategy Term Contracts: Indexed Purchase Agreements
(IPA) Spot Market: 1 Bcf/d portion Seek to capture
arbitrage value of HH vs NBP FOB cargoes LNG Gateway: 60 to 100
cargoes annually Note: The above outlines the current strategy
of Cheniere Marketing, which is subject to
change. Please
refer to Page 2 of this presentation.
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24 Title: Cheniere Growth Strategy Body: Pursue acquisitions for Cheniere
Energy
Partners, L.P. (AMEX: CQP) Continue asset development: terminals and pipelines
Develop a balanced supply portfolio for Cheniere Marketing between long term
IPA’s and LNG Gateway exposure to the spot, option and short term
markets
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25 Title: Condensed Balance Sheet Cheniere Energy Other
Cheniere Consolidated Partners, L.P. Energy,
Inc. (1) Cheniere Energy, Inc. Unrestricted cash
(2) $ 447 $ 447 $
Restricted cash and securities 885 45 930 Property, plant
and equipment 1,006 393 1,399 Goodwill and other
assets 71 170 241 Total
assets 1,962 $ 1,055 $
3,017 $ Deferred revenue and other
liabilities 133 $ 100 $ 233 $ Long
term debt 2,032 725 2,757 Minority
interest 293 293 Equity (203)
(63)
(266) 1,962 $ 1,055 $ 3,017 $ Includes
intercompany eliminations. Includes restricted cash held at CQP for construction
of the Sabine Pass regas facility and debt service on notes. The Creole
Trail
pipeline is being developed at Cheniere Energy, Inc. (LNG) with an estimated
cost of $550 million. September 30, 2007 (unaudited, in
millions)