 Corporate Presentation August 2007 CHENIERE ENERGY, INC. *Corpus Christi LNG, LLC Cheniere Energy, Inc. 100% *Artist’s Rendition *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% Exhibit 99.1 |
 2 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 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 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 |
 3 Value Drivers Cheniere Marketing, Inc. Asset Development Partnership Interests Cheniere Energy Partners GP, LLC 100% Cheniere Energy Partners, L.P. 91% Freeport LNG Development, L.P. 30% Creole Trail LNG Terminal Creole Trail Pipeline* Corpus Christi LNG Terminal *An application was filed with the FERC in July 2007 to merge the Sabine Pass Pipeline
into the Creole Trail Pipeline |
 4 Financial Summary $ (?) Marketing $ 63 million Creole Trail Pipeline $254 million $ 18 million Cheniere Energy Partners Management Fees $ 15 million Freeport $ 80 million Overhead $ 69 million Pipeline Tariff $256 million Sabine Pass TUA Estimated Sources of Cash Estimated Uses of Cash Estimated annual sources and uses of cash on a steady state basis upon full TUA payments at Sabine Pass, to begin 3Q 09 |
 5 Value Drivers Cheniere Marketing, Inc. Asset Development Partnership Interests Cheniere Energy Partners GP, LLC 100% Cheniere Energy Partners, L.P. 91% Freeport LNG Development, L.P. 30% Creole Trail LNG Terminal Creole Trail Pipeline Corpus Christi LNG Terminal |
 6 Freeport LNG Development, L.P. Cheniere Energy, Inc. 30% Freeport LNG Construction Site January 2007 1.0 Bcf/d 0.5 Bcf/d Capacity ~ $15 MM Conoco Dow Est. Annual Distribution to Cheniere Energy, Inc.* Sold – Terminal Use Agreement (TUA) * Expected to begin cash distributions in 3 rd quarter 2008 |
 7 Cheniere Energy Partners, L.P. (AMEX: CQP) Sabine Pass LNG, L.P. Cheniere Energy, Inc. 91% 1.0 Bcf/d 1.0 Bcf/d 2.0 Bcf/d Capacity ~ $126 ~ $130 ~ $256 Total, S.A. Chevron Cheniere Marketing 2010 Full-Year Revenue ($MM) Sold – Terminal Use Agreement (TUA) 2010
~ $254 MM Estimated Annual Distribution from CQP to Cheniere Energy, Inc. * * Expected to begin cash distributions in 3 quarter 2009; assumes full performance by all TUA counterparties Annual Management Fees paid from Sabine Pass and CQP to Cheniere Energy, Inc. ~$18 MM beginning 2009 Sabine Pass Construction Site – August 2007 rd |
 8 Value Drivers Cheniere Marketing, Inc. Partnership Interests Cheniere Energy Partners GP, LLC 100% Cheniere Energy Partners, L.P. 91% Freeport LNG Development, L.P. 30% Asset Development Creole Trail LNG Terminal Creole Trail Pipeline* Corpus Christi LNG Terminal Cheniere Creole Trail Pipeline under construction; estimated construction costs ~ $550 million Site preparation completed In-service: 2011 Pending final investment decision Permitted; pending FID *An application was filed with the FERC in July 2007 to merge the Sabine Pass Pipeline
into the Creole Trail Pipeline |
    9 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 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 Potential Pipeline Interconnects: *An application was filed with the FERC in July 2007 to merge the Sabine Pass Pipeline
into the Creole Trail Pipeline |
 10 Corpus Christi LNG, LLC Cheniere Energy, Inc. 100% Project Status – FERC permitted – Site preparation completed – Detailed engineering continuing – Pending final investment decision Corpus Christi Site Preparation – May 2007 |
 11 Creole Trail LNG, L.P. Cheniere Energy, Inc. 100% Project Status – FERC permitted Creole Trail Terminal Artist’s Rendition Creole Trail Austin Houston New Orleans |
   12 Value Drivers Cheniere Marketing, Inc. Partnership Interests Cheniere Energy Partners GP, LLC 100% Cheniere Energy Partners, L.P. 91% Freeport LNG Development, L.P. 30% Asset Development Creole Trail LNG Terminal Creole Trail Pipeline Corpus Christi LNG Terminal |
 13 Cheniere Marketing, Inc. Annual TUA commitment to Sabine Pass LNG, L.P. is: – 2 Bcf/d @ $0.32 MMbtu = $256 million* Pipeline Tariff Committment $ 69 million Estimated Overhead $ 15 million *Begins January 2009; $5 million per month in 2008 on commencement of commercial
operations Note: The above is subject to a number of assumptions and
expectations. Please refer to Page 2 of this presentation
|
 14 Everett Everett Cove Point Cove Point Elba Island Elba Island Lake Charles Lake Charles Sabine Pass Sabine Pass Freeport Freeport Golden Pass Golden Pass Cameron Cameron Costa Azúl Costa Azúl Canaport Canaport Existing Under Construction Altamira Altamira Source: Websites of Terminal Owners, Wood Mackenzie Limited, Poten & Partners Altamira
700 Shell, Total Costa Azul 1,000 Shell, Sempra Canaport 1,000 Irving, Repsol Total
16,800 Golden Pass 2,000 ExxonMobil, ConocoPhillips, QP Cameron 1,500 Sempra, ENI Sabine Pass 4,000 Total, Chevron, Cheniere Freeport 1,500 ConocoPhillips, Dow Lake Charles - BG 1,800 Elba
Island 800 BG, Marathon, Shell Cove
Point 1,800 BP, Statoil, Shell Everett - Suez 700 Baseload Sendout (MMcf/d) Terminal Capacity Holder North America Onshore Regasification Capacity By 2010 15.8 Bcf/d North American Atlantic Basin capacity @ 65% utilization = 10.3 Bcf/d |
 15 Next Generation of Terminals Including Some Terminals Under Construction No ground breaking of a new LNG terminal in the U.S in 2007 – Mobilization of Notice to Proceed to in-service is 48 months - 2012 at earliest Higher construction costs: ~ $1 billion for 1 Bcf/d Utilization constraints: – Operational: • Marine access • Pipeline takeaway • Storage – Market size and access • Affects regional price basis – Seasonality Estimated Regas hurdle rate for new projects: $0.75 - $1.00 / MMBtu Note: The above are estimates concerning the construction and utilization of the next generation of LNG terminals |
 16 Evolution of LNG Trade Source: WoodMac; GIIGNL; Cheniere Research 0 5 10 15 20 25 30 35 40 2005 2006 2007 2008 2009 2010 Liquefaction Capacity 85% Utilization Rate Spot Trade Volume |
 17 Contractual Trends Away from Utilities 0 10 20 30 40 50 Bcf/d 2005 2006 2007 2008 2009 2010 2011 2012 Non-Utility Non-Utility Uncommitted Uncommitted Utility Utility ~44% of 2010 LNG supply will seek premium markets Source: Estimates according to Cheniere Research |
 18 Constraint is not Regasification but Natural Gas Consumption 2010 2007 2000 2.8 4.8 13.9 LNG Consumption 18.8 ~ 10 5.9 1.5 0.7 North America 18.4 ~ 6 9.6 4.9 3.3 Europe 34.7 ~ 16 34.7 27.5 9.8 Asia Regas Capacity LNG Consumption Regas Capacity Regas Capacity LNG Consumption Source: GIIGNL; Waterborne LNG, Cheniere Research Regasification is built for peak utilization because of seasonal variations |
 19 NYMEX vs. NBP – August 13, 2007 Historical Data Futures as of 08/13/07 Henry Hub Index minus National Balancing Point Index ($6.00) ($5.00) ($4.00) ($3.00) ($2.00) ($1.00) $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 <===== Futures =====> US Premium to UK US Discount to UK |
 20 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 Cheniere Marketing Strategy Term Contracts: Indexed Purchase Agreements (IPA) Spot Market: 1 Bcf/d portion Seek to capture arbitrage value of HH vs NBP 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.
|
 21 LNG Gateway Capture the intrinsic value of cross-Atlantic spreads Capture a portion of the option value associated with being in the world’s most liquid market Example: GDF Transaction -Transatlantic Option Agreements to establish a framework of sales and purchases of LNG into the European and North American markets |
 22 LNG Gateway Months with negative spreads still have positive put option values *As of August 10, 2007 |
 23 Cheniere Growth Strategy 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 |
 24 Condensed Balance Sheet Cheniere Energy Other Cheniere Consolidated Partners, L.P. Energy, Inc. (1) Cheniere Energy, Inc. Unrestricted cash - $
711 $
711 $
Restricted
cash and securities 998 21 1,019 Property, plant and equipment 879 272 1,151 Goodwill and other assets 58 145 203 Total assets 1,935 $ 1,149 $
3,084 $
Deferred revenue and other
liabilities 84 $
65 $
149 $
Long-term debt 2,032 725 2,757 Minority interest - 301 301 Equity (181) 58 (123) 1,935 $ 1,149 $
3,084 $
(1) Includes intercompany eliminations. June 30, 2007 (unaudited, in millions) |