Cheniere and Endesa Sign 20-Year LNG Sale and Purchase Agreement

       Cheniere and Endesa Sign 20-Year LNG Sale and Purchase Agreement

- Cheniere and Endesa sign additional SPA for LNG sales from Corpus Christi

- Endesa contracts for additional 0.75 million tonnes per annum of LNG

PR Newswire

HOUSTON, April 7, 2014

HOUSTON, April 7, 2014 /PRNewswire/ -- Cheniere Energy, Inc. ("Cheniere")
(NYSE MKT: LNG) announced today that its subsidiary, Corpus Christi
Liquefaction, LLC ("Corpus Christi Liquefaction"), has entered into a
liquefied natural gas ("LNG") sale and purchase agreement ("SPA") with Endesa
S.A. ("Endesa") under which Endesa has agreed to purchase approximately 0.75
million tonnes per annum ("mtpa") of LNG upon the commencement of operations
from the LNG export facility being developed near Corpus Christi, Texas (the
"Corpus Christi Liquefaction Project"). The SPA is in addition to the
previously signed SPA under which Endesa will purchase approximately 1.5 mtpa
of LNG, bringing the total quantity of LNG sold to Endesa under the two
agreements to approximately 2.25 mtpa. The Corpus Christi Liquefaction Project
is being designed and permitted for up to three trains, with aggregate design
production capacity of 13.5 mtpa of LNG.

Under the SPA, Endesa will purchase LNG on an FOB basis for a purchase price
indexed to the monthly Henry Hub price plus a fixed component. LNG will be
loaded onto Endesa's vessels. The SPA has a term of twenty years commencing
upon the date of first commercial delivery and an extension option of up to
ten years. Deliveries are expected to occur as early as 2018.

"Endesa has agreed to purchase an additional 0.75 mtpa from the Corpus Christi
Liquefaction Project for use by their Italian parent company Enel," said
Charif Souki, Chairman and CEO. "We have now entered into a total of
approximately 3 mtpa of SPAs at the project, completing the SPAs for Train 1.
We continue to work towards finalizing additional agreements and expect to
complete all necessary steps to reach a final investment decision and begin
construction by early 2015."

The SPA is subject to certain conditions precedent, including but not limited
to Corpus Christi Liquefaction receiving regulatory approvals, securing
necessary financing arrangements and making a final investment decision to
construct the first train of the Corpus Christi Liquefaction Project (the
"Corpus Christi FID").

Endesa is a Spanish multinational which operates across the entire value chain
of the electricity business (generation, transmission, distribution and
sale). It is also an important player in the gas business. Endesa is the
leading power company in Spain, the largest private electricity utility in
Latin America and is present in various European countries and Morocco. Endesa
has total installed capacity of 40,000 MW, generates 130,000 GWh and has 25
million customers and 23,000 employees worldwide. Endesa is part of the Enel
group, the largest electric utility in Italy and the second largest in Europe
by installed capacity. Enel is an integrated operator active in the energy and
gas sector which is present in 40 countries worldwide, has net installed
capacity of 97,000 MW and sells gas and electricity to over 61 million
customers. Additional information about Endesa may be found on its website
located at

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 10.1 Bcfe and
two LNG carrier docks. 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            Completed                 T5:
commercial                       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
- Endesa, S.A.                                                2.25 mtpa
EPC contract          Completed  Completed      2015          Completed
Financing                                       2015          2014
- Equity              Completed  Completed
- Debt commitments    Received   Received
FERC authorization
- FERC Order          Received   Received       2015          2014/2015
- Certificate to
commence              Received   Received
Issue Notice to       Completed  Completed      2015          2014/2015
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.

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Contact: Investors: Randy Bhatia: 713-375-5479, or Christina Burke:
713-375-5104, or Media: Diane Haggard: 713-375-5259
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