Cheniere Energy, Inc. - FORM 8-K - EX-99.1 - CORPORATE PRESENTATION

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CHENIERE ENERGY

Cheniere Energy
Corporate Presentation
November 2009

Safe Harbor Act

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 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, Cheniere Energy Partners and Cheniere Marketing forecasts, and any potential revenues, cash flows 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, forecasts 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, 2008, 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.

Cheniere Energy

Marketing

Sabine Pass LNG (SPLNG) (90.6%)

Freeport LNG (30%)

Approved Permits:

Creole Trail LNG

Corpus Christi LNG

Creole Trail P/L (100%)

Approved Permits:

Creole Trail P/L Phase II

Corpus Christi P/L

Development Projects:

Southern Trail P/L

Frontera

2.0 Bcf/d SPLNG TUA

MSPAs with major
LNG suppliers,
merchants, utilities

Isle of Grain Put

Option 12 Cargoes/yr

Over 100 domestic
NAESBs and ISDAs

Pipelines

Terminals

Cheniere Business Segments

Sold - Terminal Use Agreement (TUA)	Capacity (Bcf/d)	Estimated Annual Distribution to Cheniere*
Conoco Dow Mitsubishi	0.90 0.50 0.15	~ $15MM

*Quarterly cash distributions commenced in 1Q09 and are subject to Freeport board approval.

April 2009

Freeport LNG Development, L.P.
Cheniere Energy, Inc. 30%

TUA	Capacity	2010 Full-Year Payments ($ in MM)
Total LNG USA Chevron USA Cheniere Marketing	1.0 Bcf/d 1.0 Bcf/d 2.0 Bcf/d	$123 $128 $252

Aerial view of Sabine Pass LNG August 2009

Sabine Pass LNG
Cheniere Energy, Inc. 90.6%

§ Vaporization

– ~4.3 Bcf/d peak send-out

§ Storage

– 5 tanks x 160,000 cm (16.9 Bcfe)

§ Berthing / Unloading

– Two docks

– LNG carriers up to 266,000 cm

– Four dedicated tugs

§ Land

– 853 acres in Cameron Parish, LA

§ Accessibility - Deep Water Ship Channel

– Sabine River Channel dredged to 40
feet

§ Proximity

– 3.7 nautical miles from coast

– 22.8 nautical miles from outer buoy

§ LNG Export Licenses Approved

§ Size:

– 2.0 Bcf/d

§ Diameter:

– 42-inch diameter

§ Cost:

– ~$560 million first 94 miles

§ Initial interconnects:

– 4.1 Bcf/d of interconnect
capacity

§ Provides optimal market access for LNG from the Sabine Pass terminal

§ First 94 miles complete and in-service, additional 58 miles permitted

Creole Trail Pipeline
Cheniere Energy, Inc. 100%

Strategic Focus

§ Commercial - monetize 2 Bcf/d regas capacity at Sabine
Pass receiving terminal held by Cheniere Marketing

– International LNG marketing efforts

– Seek long-term TUAs, LNG purchase/sale agreements

– Purchase spot cargoes available in the Gulf of Mexico

§ Financial - manage liquidity

Annualized*

($ in MM)

Disbursements

§ Cheniere Marketing TUA @ Sabine Pass $252

§ G&A 30-40

§ Pipeline & tug services 10

§ Other, incl adv tax payments 3-5

§ Debt service 44

$50 - 65

*Estimates represent a summary of internal forecasts, are based on current assumptions and are subject to change. Actual

performance may differ materially from, and there is no plan to update the forecast. See “Safe Harbor” cautions. Estimates exclude

earnings forecasts from operating activities.

Net cash outflow

Estimated Future Cash Flows
Cheniere Energy, Inc.

Receipts

§ Freeport investment $10-20

§ Distributions from CQP 254

§ Management fees from CQP 19

Annualized*

($ in MM)

Disbursements

§ Operating Expenses $34

§ Management Fees 19

§ Debt Service 165

$285

*Estimates represent a summary of internal forecasts, are based on current assumptions and are subject to change. Actual

performance may differ materially from, and there is no plan to update the forecast. See “Safe Harbor” cautions.

Available Cash

Distributions to Unitholders

$281

Estimated Future Cash Flows
Cheniere Energy Partners

Receipts

§ TUA Customers $503

Current Global Issues for LNG and Natural Gas

§ The world has abundant reserves of natural gas, but will they be produced?

§ The current global gas oversupply is expected to last at least 2 to 4 years

§ The growth of LNG production capacity will provide a bridge between the
continents

– Flexible LNG of 10 to 12 Bcf/d means the world can send a price signal to 3 or 4
LNG vessels every day

§ The substantial disconnect between oil-indexed prices for gas and spot
prices is straining traditional business models

§ Russia, the U.S. and Canada provide the lion share of world gas supply -
everything else is several orders of magnitude smaller

§ New supply is being secured under two very different business models

– Underpinned by crude based contracts such as in the recent Gorgon deals and
most of Gazprom’s production

– Market based contracting as is the case in the U.S., Canada and the UK model

§ Incremental volumes from unconventional reserves abundant in U.S. at $6
to $8/MMBtu

Source: PIRA Energy Group, Petroleum Association of Japan (JCC)

Note: 6 MMBtu per 1 Oil Barrel

JCC = Japanese Crude Cocktail

• Convergence of spot prices

• Disconnect from crude

Global Prices & Linkage
Implications

Since 1980

World Gas Demand: +94%

World Gas Reserves:+140%

Source: EIA 2009 (Historical World Reserves & Demand)

Bcf/d

Global Natural Gas Supply & Demand
Rapid reserve and demand growth

“[Ultimately recoverable remaining resources of] Non-
conventional gas resources - including coalbed
methane, tight gas sands and gas shales - are much
larger, amounting perhaps to over 900 tcm (31,000
Tcf), with 25% in the US and Canada combined.”

IEA World Energy Outlook 2008

Coalbed and Shale-Gas Reservoirs, Jenkins et al, Society
of Petroleum Engineers paper 103514

Comparison of Global CBM Resources (IHS)

Global Distribution of Tight Gas Resources

(Wood McKenzie)

Global Potential for Unconventional
Gas Production is Huge

Source: Cheniere Research

Liquefaction Capacity Growing Sharply

• Slippage in startup of commercial deliveries: QG II T4, Tangguh, Yemen

Source: Cheniere Research

Expected Incremental Capacity

Source: BP Statistical Review 2009

Russia and U.S. Account for Nearly 40% of Natural
Gas Production

Source: IGU- Natural Gas Industry Study to 2030

How Will Current Market Conjuncture Affect the
Evolution of these Pricing Mechanisms?

Bcf/d

Source: Historical: Cedigaz (2007);

Forecast: Cheniere Research

2007

2010

Oil Indexed

Pipeline

LNG

Japan

15
Bcf/d

Korea

China

Australia

India

Taiwan

Bcf/d

LNG

56%

LNG

50%

Incremental

LNG Need

2010 = ~1 Bcf/d

Consumption

2007 = 27 Bcf/d

2010 = 32 Bcf/d

* OECD Asia plus India & China

LNG Import Capacity

2007 = 34 Bcf/d

2010 = 37 Bcf/d

Pipeline Import

Capacity

Eventually Large

Bcf/d

Oil Indexed

Regional Demand by Country (2007)

Asia Pacific* Natural Gas Demand Projection

Krishna

Godavari

Basin

Turkmenistan-
China Pipeline

+3 Bcf/d

CBM

India KJV
Pipeline

+2.8 Bcf/d

China West-
East #2 Pipeline
+2.9 Bcf/d

CBM

Central Asia

400 Tcf

Proved*

Russia

1,600 Tcf

Proved

Source: Cheniere Research, BP Statistical Review 2008 (Reserve data)

*Based on updated Turkmenistan reserves from Oct. 2008 Gaffney, Cline & Associates survey of South Yolotan-Osman
field

Siberia

1,500+ Tcf

Unexplored

Potential

New Asia Pipelines
Major projects boost access to indigenous reserves

European Suppliers are Undertaking a Significant
Expansion of Pipeline Capacity

Existing Liquefaction

Under Construction

Proposed Liquefaction

Atlantic Basin

~11 Bcf/d

ME Gulf

13 Bcf/d

Asia Pacific

13 Bcf/d

Europe

5-7 Bcf/d

Asia Pacific

16 Bcf/d

2010 Liquefaction Capacity

2010 Consumption

Source: Cheniere Research

MEG LNG to Atlantic Basin*: 6-8 Bcf/d

LNG Available for Atlantic Price Arbitrage: 10-12 Bcf/d

3 to 4 cargoes every day

* Assumes 85%-92% LNG plant utilization rate.

Projected LNG Flows in 2010
Global LNG Supply of ~30 Bcf/d

North America

§ Critical role of US in global gas market

Questions:

§ Can the US absorb the LNG?

§ Will LNG become a part of the US energy mix?

§ What are the implications for oil & gas linkage in the US
& globally?

Sources: EIA (US map graphic, pipelines and LNG terminals placed by Cheniere).

Advanced Resources Intl (Lower 48 Unconventional Recoverable Reserves)

Depicted Pipelines: Rockies Express, Texas Eastern, Trunkline, Transco, FGT, C/P/SESH/Gulf Crossing (as a single route)

Depicted LNG terminals: Freeport, Golden Pass, Sabine Pass, Cameron, Trunkline, Elba Island, Cove Point, Everett.

366
Tcf

580
Tcf

US
Proved
Reserves

US Unconventional Production
Basins Proximate to Premium Markets and Major Pipelines

+ 2.7 Bcf/d YE ’08

Rigs -58%

from ’08 Peak

Gas Prices -80%

from ’08 Peak

Annual
average

Lower 48 Production (Bcf/d)

US Gas Rig Count, Production & Prices
Drilling has Collapsed with Price, Oversupply

Lower 48 Dry Gas
Production

Lower 48 Gas
Rig Count

Source: Lippman Consulting, EIA, Baker Hughes, Cheniere Research

Lower 48 Wellhead Production & Gas Rig Count
Productive Capacity will Fall Sharply as Drilling is Curtailed

Conclusions

§ North America is about to join the global gas market

§ Unconventional reserves and the growth of the LNG trade are
challenging the conventional business models

§ Questions:

– Can the oil linked model survive?

– Which gas price index would replace it?

– What is the gas price required to justify additional production?

– Is it unconventional gas in the US?

– Could it be unconventional gas globally?

§ The answers are unclear

§ Increased volatility is expected until the industry learns to adapt to a
new business model

Appendix

Public Unit holders

9.4% LP Interest

Cheniere Energy

Investments, LLC

Sabine Pass LNG-GP, Inc.

Sabine Pass LNG, L.P.

Sabine Pass LNG-LP, LLC

100% Ownership Interest

100% LP Interest

Non-Economic GP Interest

100% Ownership Interest

Cheniere LNG Holdings, LLC

$205 mm 2.25% Convertible Senior Unsecured Notes due 2012

$550 mm 7.25% Senior Secured Notes due 2013

$1,666 mm 7.50% Senior Secured Notes due 2016

88.6% LP Interest
100% of 2% GP Interest

NYSE Amex US: LNG

NYSE Amex US: CQP

$400 mm 9.75% Term Loan due 2012

$283 mm 12.0% Convertible Senior Secured Notes due 2018

Note: Balances as indicated in September 30, 2009 10Q.

Organizational Structure

(1)

(2)

(3)

Expected Cash Flows Between LNG and CQP/Sabine

(1) Cheniere owns 90.6% of CQP through units held and expects to receive $1.70 per unit in
distributions within 45 days of each quarter end

(2) Cheniere has three operations/management contracts with Sabine Pass / CQP under which
Cheniere will receive payments monthly

(3) Cheniere’s marketing segment contracted for 2.0 Bcf/d capacity at Sabine Pass and has begun
making TUA capacity payments quarterly in advance

Cheniere Energy

Other Cheniere

Consolidated

Unrestricted cash

Restricted cash and securities (2)

259

266

Property, plant and equipment

1,605

633

2,238

Goodwill and other assets

Total assets

Deferred revenue and other liabilities

209

(41)

168

Long-term debt

2,182

847

3,029

Non-Controlling interest

224

Equity (Deficit)

(1) Includes intercompany eliminations and reclassifications.

(2) Restricted cash includes cash for construction of the Sabine Pass regas facility and debt service reserves as required per indenture.
Cash is restricted at consolidated level.

(3) For a complete balance sheet see the Cheniere Energy, Inc. and Cheniere Energy Partners, L.P. Form 10-Q’s for the period ended
September 30, 2009 filed with the SEC.

September 30, 2009

(in millions)

Condensed Balance Sheet

Contracted Capacity - TUAs

(1) Fees do not vary with the actual quantity of LNG processed; tax reimbursement not included in the fees.

(2) No inflation adjustments.

(3) Subject to annual inflation adjustment.

Summary of 20-year Terminal Use Agreements

Total LNG

Chevron USA

Cheniere Marketing

Capacity

1.0 Bcf/d

2.0 Bcf/d

Fees

(1)

Reservation Fee

(2)

$0.28/MMBTU

Opex Fee

(3)

$0.04/MMBTU

2010 Full-Year Payments

$123 million

$128 million

$252 million

Term

20 years

Guarantor

Total S.A.

Chevron Corp.

Cheniere Energy, Inc.

Guarantor Credit Rating

Aa1/AA

NR/CCC+

Payment Start Date

April 1, 2009

July 1, 2009

January 1, 2009

Source: Waterborne LNG, EIA

2006

2007

2008

2009

Historical LNG Imports by Region
(Bcf/d)

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