Cheniere Partners Engages Joint Lead Arrangers to Arrange the Debt Financing for Trains 3 and 4 of the Sabine Pass Liquefaction

 Cheniere Partners Engages Joint Lead Arrangers to Arrange the Debt Financing
          for Trains 3 and 4 of the Sabine Pass Liquefaction Project

PR Newswire

HOUSTON, May 22, 2013

HOUSTON, May 22,2013 /PRNewswire/ --Cheniere Energy Partners, L.P.
("Cheniere Partners") (NYSE MKT: CQP) announced today that its wholly owned
subsidiary, Sabine Pass Liquefaction, LLC, has engaged 17 financial
institutions to act as Joint Lead Arrangers to assist in the structuring and
arranging of credit facilities (the "Credit Facilities"). The Credit
Facilities will be used to fund the remaining debt portion needed for the
costs of developing, constructing and placing into service the first four
trains of the liquefaction project being developed adjacent to the Sabine Pass
LNG terminal and for general business purposes. We will amend and upsize the
existing Term Loan A Credit Facility that was entered into last year for the
financing of the first two trains, extending the available capacity to
accommodate four liquefaction trains.

Obtaining debt financing is one of the last steps to complete before
proceeding with construction of Trains 3 and 4 of the liquefaction project.
Closing of the Credit Facilities and issuing a notice to proceed to Bechtel
Oil, Gas and Chemicals, Inc. for Trains 3 and 4 is expected to occur within
the upcoming weeks.

Additional Information

Cheniere Partners owns 100 percent of the Sabine Pass LNG terminal located on
the Sabine Pass deep water shipping channel less than four miles from the Gulf
Coast. The Sabine Pass LNG terminal has regasification facilities that
include existing infrastructure of five LNG storage tanks with capacity of
approximately 16.9 billion cubic feet equivalent (Bcfe), two docks that can
accommodate vessels of up to 265,000 cubic meters and vaporizers with
regasification capacity of approximately 4.0 Bcf/d. Cheniere Partners is
developing natural gas liquefaction facilities at the Sabine Pass LNG terminal
adjacent to the existing regasification facilities (the "Liquefaction
Project").

Cheniere Partners plans to construct over time up to six natural gas
liquefaction trains ("Trains", each in sequence, "Train 1", "Train 2", "Train
3", "Train 4", "Train 5" and "Train 6"), which are in various stages of
development. Each Train is expected to have a nominal annual capacity of
approximately 4.5 mmtpa. Cheniere Partners' wholly owned subsidiary, Sabine
Pass Liquefaction, LLC ("Sabine Pass Liquefaction"), has entered into lump sum
turnkey contracts for the engineering, procurement and construction of Train
1, Train 2, Train 3 and Train 4 with Bechtel Oil, Gas and Chemicals, Inc.
("Bechtel"). Sabine Pass Liquefaction has commenced construction of Train 1
and Train 2 and the related new facilities needed to treat, liquefy, store and
export natural gas. Construction of Train 3 and Train 4 and the related
facilities is expected to commence upon, among other things, obtaining
financing commitments sufficient to fund construction of such Trains and
making a positive final investment decision. Sabine Pass Liquefaction
recently began the development of Train 5 and Train 6 and commenced the
regulatory process in February 2013. Sabine Pass Liquefaction has also entered
into six third-party LNG sale and purchase agreements ("SPAs"). The customers
include BG Gulf Coast LNG, LLC ("BG") for 5.5 mmtpa, Gas Natural
Aprovisionamientos SDG S.A. ("Gas Natural Fenosa") for 3.5 mmtpa, Korea Gas
Corporation ("KOGAS") for 3.5 mmtpa, GAIL (India) Ltd. ("GAIL") for 3.5 mmtpa,
Total Gas & Power North America, Inc. ("Total") for 2.0 mmtpa and Centrica plc
("Centrica") for 1.75 mmtpa. In addition, Sabine Pass Liquefaction has
entered into an SPA with Cheniere Marketing, LLC ("Cheniere Marketing") for up
to 2.0 mmtpa of LNG that is produced but not already committed to third
parties. The BG and Cheniere Marketing SPAs commence with the start of Train
1 operations and the Gas Natural Fenosa SPA commences with the start of Train
2 operations. The KOGAS and GAIL SPAs commence with the start of Train 3 and
Train 4 operations, respectively, and the Total and Centrica SPAs commence
with the start of Train 5 operations. Cheniere Partners has placed
documentation pertaining to the Liquefaction Project, including the
applications and supporting studies, on its website located at
http://www.cheniereenergypartners.com.

                                      Target Date
                                      Sabine Pass Liquefaction
                                      Trains         Trains         Trains
Milestone
                                      1 & 2          3 & 4          5 & 6
DOE export authorization              Received       Received       Initiated
                                                                    Filings
Definitive commercial agreements      Completed 7.7  Completed 8.3
                                      mmtpa          mmtpa
- BG Gulf Coast LNG, LLC              4.2 mmtpa      1.3 mmtpa
- Gas Natural Fenosa                  3.5 mmtpa
- KOGAS                                              3.5 mmtpa
- GAIL (India) Ltd.                                  3.5 mmtpa
- Total Gas & Power N.A.                                            2.0 mmtpa
- Centrica plc                                                      1.75 mmtpa
EPC contract                          Completed      Completed      2H14
Financing commitments                                1H13           1H15
- Equity                              Received
- Debt                                Received
FERC authorization                    Received       Received       2H14
- Certificate to commence             Received       Received
construction
Commence construction                 Completed      1H13           1H15
Commence operations                   2015/2016      2016/2017      2018

Forward Looking Statements

This press release contains certain statements that may include
"forward-looking statements" within the meanings 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, (i) statements regarding Cheniere Partners' business
strategy, plans and objectives, including the construction and operation of
liquefaction facilities (ii) statements regarding our expectations regarding
regulatory authorizations and approvals, (iii) statements expressing beliefs
and expectations regarding the development of Cheniere Partners' LNG terminal
and liquefaction business, (iv) statements regarding the business operations
and prospects of third parties, (v) statements regarding potential financing
arrangements, and (vi) statements regarding future discussions and entry into
contracts. Although Cheniere Partners 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. Cheniere Partners' 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 Cheniere Partners' 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 Partners does not assume a duty to update these
forward-looking statements.

SOURCE Cheniere Energy Partners, L.P.

Website: http://www.cheniereenergypartners.com
Contact: Investors: Christina Burke, 713-375-5104, or Nancy Bui, 713-375-5280;
Media: Diane Haggard, 713-375-5259