Cheniere Enters into Lump Sum Turnkey Contracts with Bechtel for Corpus Christi Liquefaction Project

   Cheniere Enters into Lump Sum Turnkey Contracts with Bechtel for Corpus
                         Christi Liquefaction Project

PR Newswire

HOUSTON, Dec. 9, 2013

HOUSTON, Dec. 9, 2013 /PRNewswire/ --Cheniere Energy, Inc. ("Cheniere") (NYSE
MKT: LNG) announced today that its wholly owned subsidiary, Corpus Christi
Liquefaction, LLC ("Corpus Christi Liquefaction") and Bechtel Oil, Gas and
Chemicals, Inc. ("Bechtel") have entered into two lump sum turnkey contracts
for the engineering, procurement and construction ("EPC") of LNG trains and
related facilities being developed near Corpus Christi, Texas (the "Corpus
Christi Liquefaction Project"). The Corpus Christi Liquefaction Project is
expected to be constructed in stages, with each LNG train commencing
operations on a staggered basis. Work under the EPC contract is expected to
commence in 2014, subject to Corpus Christi Liquefaction reaching a positive
final investment decision ("FID"). Operation of the first LNG train is
expected to commence in 2018.

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The Corpus Christi Liquefaction Project includes up to three LNG trains, each
with a design production capacity of approximately 4.5 million tonnes per
annum ("mtpa") of LNG, three LNG storage tanks with capacity of approximately
10.1 billion cubic feet equivalent ("Bcfe"), and two berths that can
accommodate vessels with capacity of up to 267,000 cubic meters. The Stage 1
EPC contract includes two LNG trains, two tanks, one complete berth and a
second partial berth. The Stage 2 EPC contract includes one LNG train, one
additional tank and completion of the second berth. The LNG trains are being
designed, constructed and commissioned by Bechtel using the ConocoPhillips
Optimized Cascade® technology; a proven technology deployed in numerous LNG
projects around the world, including the four LNG trains currently under
construction in Cameron Parish, Louisiana, by one of Cheniere's subsidiaries,
Sabine Pass Liquefaction, LLC.

The contract price of the Stage 1 EPC contract is approximately $7.1 billion
and the contract price for the Stage 2 EPC contract is approximately $2.4
billion. Total expected costs for the three LNG trains and the related
facilities before financing costs are estimated to be between $10.5 billion
and $11.0 billion, including an estimate for owner's costs and contingencies.

"We have selected Bechtel as our EPC contractor for our next LNG export
project being developed near Corpus Christi, Texas. Bechtel has an extensive
track record in building some of the largest LNG export production facilities
in the world and is the EPC contractor on our LNG export project at the Sabine
Pass LNG terminal. Bechtel built our existing regasification facilities at
the Sabine Pass LNG terminal on time and on budget and is ahead of schedule on
the four LNG trains currently under construction," said Charif Souki, Chairman
and CEO. "Our Corpus Christi Liquefaction Project is now fourth on the U.S.
DOE's order of precedence for non-FTA LNG export approvals and is waiting to
receive a FERC scheduling notice. We recently announced the first LNG sale
and purchase agreement for the Corpus Christi Liquefaction Project with
Pertamina for approximately 0.8 mtpa and expect to enter into additional SPAs
in due course. We expect to reach FID for the Corpus Christi Liquefaction
Project in 2014."

Bechtel is one of the world's premier engineering, construction and project
management companies. Bechtel is privately owned, headquartered in San
Francisco, CA, and hasnearly 53,000 employees. Bechtel was founded in 1898
and has worked on more than 22,000 projects in 140 countries on all seven
continents. Since the inception of the LNG industry over 40 years ago,
Bechtel has built about a third of the world's liquefaction capacity.

Additional Information
Cheniere Energy, Inc. is a Houston-based energy company primarily engaged in
LNG-related businesses, and owns and operates the Sabine Pass LNG terminal and
Creole Trail Pipeline in Louisiana. Cheniere is pursuing related business
opportunities both upstream and downstream of the Sabine Pass LNG terminal.
Through its subsidiary, Cheniere Energy Partners, L.P., Cheniere is developing
a liquefaction project at the Sabine Pass LNG terminal adjacent to the
existing regasification facilities for up to six LNG trains, each of which
will have a design production capacity of approximately 4.5 mtpa ("Sabine Pass
Liquefaction Project"). Construction has begun on LNG Trains 1 through 4 at
the Sabine Pass Liquefaction Project. Cheniere has also initiated a project
to develop liquefaction facilities near Corpus Christi, Texas. The Corpus
Christi Liquefaction Project is being designed and permitted for up to three
LNG trains, with aggregate design production capacity of up to 13.5 mtpa of
LNG and which would include three LNG storage tanks with capacity of
approximately 10.1 Bcfe and two berths. Commencement of construction for the
Corpus Christi Liquefaction Project is subject, but not limited, to obtaining
regulatory approvals, entering into long-term customer contracts sufficient to
underpin financing of the project, obtaining financing, and Cheniere making a
final investment decision. We believe LNG exports from the Corpus Christi
Liquefaction Project could commence as early as 2018. Additional information
about Cheniere Energy, Inc. may be found on its website located at

                       Target Date
                       Sabine Pass Liquefaction                Corpus Christi
                       Trains     Trains         Trains
Milestone                                                      Trains 1-3
                       1 & 2      3 & 4          5 & 6
                                                 T5: Received
DOE export                                       FTA           Received FTA;
authorization          Received   Received                     Pending Non-FTA
Definitive commercial  Completed  Completed 8.3  Completed     2014
agreements             7.7 mtpa   mtpa
                                                 T6: 2014
- BG Gulf Coast LNG,   4.2 mtpa   1.3 mtpa
- Gas Natural Fenosa   3.5 mtpa
- KOGAS                           3.5 mtpa
- GAIL (India) Ltd.               3.5 mtpa
- Total Gas & Power                              2.0 mtpa
- Centrica plc                                   1.75 mtpa
- PT Pertamina                                                 0.8 mtpa
EPC contract           Completed  Completed      2015          Completed
Financing                                        2015          2014
- Equity               Completed  Completed
- Debt commitments     Received   Received
FERC authorization
- FERC Order           Received   Received       2015          2014
- Certificate to       Received   Received
commence construction
Issue Notice to        Completed  Completed      2015          2014
Commence operations    2015/2016  2016/2017      2018/2019     2018

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 fact, included herein are
"forward-looking statements." Included among "forward-looking statements" are,
among other things, (i) statements regarding Cheniere's 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's LNG terminal and pipeline
businesses, including liquefaction facilities, (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 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's 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'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.

SOURCE Cheniere Energy, Inc.

Contact: Investors: Christina Burke: 713-375-5104, Nancy Bui: 713-375-5280,
Media: Diane Haggard: 713-375-5259
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