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

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

- Cheniere and Woodside sign SPA for LNG sales from Corpus Christi

- Woodside contracts for approximately 0.85 million tonnes per annum of LNG

PR Newswire

HOUSTON, June 30, 2014

HOUSTON, June 30, 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
Woodside Energy Trading Singapore Pte Ltd ("Woodside") under which Woodside
has agreed to purchase approximately 0.85 million tonnes per annum ("mtpa") of
LNG upon the commencement of operations of Train 2 of the LNG export facility
being developed near Corpus Christi, Texas (the "Corpus Christi Liquefaction
Project"). 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, Woodside will purchase LNG on a free on board ("FOB") basis for
a purchase price indexed to the monthly Henry Hub price plus a fixed
component. LNG will be loaded onto Woodside's vessels. The SPA has a term of
twenty years commencing upon the date of first commercial delivery of the
second train of the Corpus Christi Liquefaction Project, with an extension
option of up to ten years. Deliveries from Train 2 are expected to occur in

"Woodside, the largest Australian independent oil and gas company, will join
our portfolio of customers in the Corpus Christi Liquefaction Project," said
Charif Souki, Chairman and CEO. "To date we have entered into SPAs aggregating
approximately 6 mtpa of LNG volumes. We are in advanced discussions with other
counterparties and are working towards finalizing additional agreements. We
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 Train 2 of the Corpus Christi Liquefaction Project (the "Corpus
Christi FID").

Woodside is Australia's largest independent dedicated oil and gas company and
one of the world's leading producers of LNG. Woodside operates the North West
Shelf Project and Pluto LNG projects with a cumulative nameplate capacity of
approximately 20.6 mtpa. As Operator of the Browse Joint Venture, Woodside is
progressing floating liquefied natural gas (FLNG) as the preferred development
concept to commercialise globally significant resources in the Browse Basin,
located approximately 425 km offshore north of Broome in Western Australia.
The Browse resources are estimated to contain gross (100%) contingent
resources (2C) of 14.9 Tcf of dry gas and 441.2 million barrels of condensate.
Woodside has interests in 11 vessels across its 2 operating LNG projects.
Woodside operates an LNG trading operation in Singapore to manage the
company's 3^rd party LNG business. Woodside is the largest operator of oil and
gas production in Australia. Woodside is based in Perth, Western Australia.
Additional information about Woodside 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
Milestone                Trains    Trains    Trains
                         1 & 2      3 & 4       5 & 6
DOE export                                      Received FTA   Received FTA
authorization            Received   Received    Pending        Pending Non-FTA
Definitive commercial    Completed  Completed   T5: Completed  2014
agreements               7.7 mtpa   8.3 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                                                 0.76 mtpa
- Endesa, S.A.                                                 2.25 mtpa
- Iberdrola, S.A.                                              0.76 mtpa
- Gas Natural Fenosa                                           1.50 mtpa
- Woodside Energy                                              0.85 mtpa
Trading Singapore
EPC contract             Completed  Completed   2015           Completed
Financing                                       2015           2014
- Equity                 Completed  Completed
- Debt commitments       Received   Received
FERC authorization
- FERC Order             Received   Received    2014/2015      2014/2015
- Certificate to         Received   Received
commence construction
Issue Notice to Proceed  Completed  Completed   2015           2015
Commence operations      2015/2016  2016/2017   2018/2019      2018/2019

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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SOURCE Cheniere Energy, Inc.

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