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

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

-Cheniere and EDF sign SPA for LNG sales from Corpus Christi Train 3

-EDF contracts for approximately 0.77 million tonnes per annum of LNG

-Approximately 7.65 million tonnes per annum of LNG contracted at Corpus
Christi

PR Newswire

HOUSTON, July 17, 2014

HOUSTON, July 17, 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
Électricité de France, S.A. ("EDF") under which EDF has agreed to purchase
approximately 0.38 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"), and increasing to approximately 0.77 mtpa of LNG upon the
commencement of operations of Train 3. 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, EDF will purchase LNG on a free on board basis for a purchase
price indexed to the monthly Henry Hub price plus a fixed component. LNG will
be loaded onto EDF's vessels. The term of the SPA will extend for twenty years
beyond the date of first commercial delivery of the third train of the Corpus
Christi Liquefaction Project, with an extension option of up to ten years.
Deliveries from Train 3 are expected to occur as early as 2019.

"EDF is the first foundation customer on Train 3 of our Corpus Christi
Liquefaction Project being developed in Texas. EDF is a leading European
integrated electricity producer and distributor, and we look forward to
supplying LNG to support EDF's asset portfolio," said Charif Souki, Chairman
and CEO. "We have completed contracting for the first 2 trains of the Corpus
Christi Liquefaction Project and are in advanced discussions with other
counterparties on finalizing additional agreements for Train 3. 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 3 of the Corpus Christi Liquefaction Project.

EDF Group is an integrated energy company active in all areas of the energy
value chain: generation, transmission, distribution, energy supply and
trading. The Group is the leading electricity producer in Europe. In France,
it has mainly nuclear and hydropower generation facilities where 96.6% of the
electricity output is CO2-free. EDF's transmission and distribution
subsidiaries in France operate 1,285,000 km of low and medium voltage overhead
and underground electricity lines and around 100,000 km of high and very high
voltage networks. The Group is involved in supplying energy and services to
approximately 28.4 million customers in France. EDF is listed on the Paris
Stock Exchange and is a member of the CAC 40 index. Additional information on
EDF can be found on its website located at http://www.edf.com.

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
http://www.cheniere.com.

                        Target Date
                                                              Corpus Christi
                        Sabine Pass Liquefaction
                                                              Liquefaction
                        Trains     Trains      Trains
Milestone
                        1 & 2      3 & 4       5 & 6
                                               Received FTA   Received FTA
DOE export              Received   Received
authorization                                  Pending        Pending Non-FTA
                                               Non-FTA
Definitive commercial   Completed  Completed   T5: Completed
agreements                                                    T1-T2: Completed
                        7.7 mtpa   8.3 mtpa    T6: 2014
- BG Gulf Coast LNG,    4.2 mtpa   1.3 mtpa
LLC
- Gas Natural Fenosa    3.5 mtpa
- KOGAS                            3.5 mtpa
- GAIL (India) Ltd.                3.5 mtpa
- Total Gas & Power                            2.0 mtpa
N.A.
- Centrica plc                                 1.75 mtpa
- PT Pertamina                                                1.52 mtpa
- Endesa, S.A.                                                2.25 mtpa
- Iberdrola, S.A.                                             0.76 mtpa
- Gas Natural Fenosa                                          1.50 mtpa
LNG SL
- Woodside Energy                                             0.85 mtpa
Trading Singapore
- Électricité de                                              0.77 mtpa
France, S.A.
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         Completed  Completed   2015           2015
Proceed
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.

Logo- http://photos.prnewswire.com/prnh/20090611/AQ31545LOGO

SOURCE Cheniere Energy, Inc.

Website: http://www.cheniere.com
Contact: Investors: Randy Bhatia: 713-375-5479 Christina Burke: 713-375-5104,
Media: Diane Haggard: 713-375-5259
 
Press spacebar to pause and continue. Press esc to stop.