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Gold/Mining/Energy : LNG -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (395)	3/23/2005 2:56:48 PM
From: Dennis Roth	Read Replies (2) \| Respond to of 919

Cheniere Energy Breaks Ground for Sabine Pass LNG Terminal biz.yahoo.com

To: Dennis Roth who wrote (395)	7/29/2005 2:23:24 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 919

Cheniere Energy Files FERC Application to Expand its Sabine Pass LNG Receiving Terminal to 4 Bcf/d Friday July 29, 1:42 pm ET biz.yahoo.com HOUSTON--(BUSINESS WIRE)--July 29, 2005--Cheniere Energy, Inc. (AMEX:LNG - News) announced today that its 100% owned affiliate Sabine Pass LNG L.P. has submitted an application to the Federal Energy Regulatory Commission (FERC) under Section 3 of the Natural Gas Act for authorization to expand the capacity of its liquefied natural gas (LNG) receiving terminal from 2.6 billion cubic feet per day (Bcf/d) to 4 Bcf/d. Sabine Pass LNG L.P. received its initial record of decision from the FERC authorizing the facility in December 2004 and commenced construction in March of this year. Start-up is targeted in early 2008. The Sabine Pass terminal is located in Cameron Parish, Louisiana. The facility is currently designed with regasification capacity of 2.6 Bcf/d, two unloading docks and three storage tanks capable of holding 10 Bcf of LNG. The expansion of the facility calls for construction of three additional tanks with another 10 Bcf of storage and 1.4 Bcf/d of additional regasification capacity. The project's capacity holders are Total LNG USA, Inc., a subsidiary of Total S.A., with a reservation of 1 Bcf/d for 20 years, and Chevron USA Inc. a subsidiary of the Chevron Corporation, with a reservation of 700 million cubic feet per day for 20 years and the option to increase it to 1 Bcf/d by December 1, 2005. Cheniere Energy, Inc. is a Houston-based energy company engaged in developing LNG Receiving Terminals and Gulf of Mexico Exploration & Production. Cheniere is building a 100% owned Gulf Coast LNG receiving terminal near Sabine Pass in Cameron Parish, LA. It is also developing 100% owned Gulf Coast LNG receiving terminals near Corpus Christi, TX, which received its authorization from the FERC in March 2005, and another near the Creole Trail in Cameron Parish, LA, for which Cheniere filed its application with the FERC in May 2005. Cheniere is also a 30% limited partner in Freeport LNG Development, L.P., which is building an LNG receiving terminal in Freeport, Texas. Cheniere explores for oil and gas in the Gulf of Mexico using a regional database of 7,000 square miles of PSTM 3D seismic data. Cheniere owns 9% of Gryphon Exploration Company, along with Warburg, Pincus Equity Partners, L.P., which owns 91%. Additional information about Cheniere Energy, Inc. may be found on its web site at www.cheniere.com. This press release contains certain statements that may include "forward-looking statements" within the meaning 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's business strategy, plans and objectives and (ii) statements expressing beliefs and expectations regarding the development of Cheniere's LNG receiving terminal business. 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. Contact: Cheniere Energy, Inc., Houston David Castaneda, 713-265-0202

To: Dennis Roth who wrote (395)	10/7/2005 9:05:03 AM
From: Dennis Roth	Respond to of 919

Buoyant At Cheniere INSIDE WALL STREET OCTOBER 17, 2005 businessweek.com As oil prices spurt up, liquefied natural gas will probably take a growing share of the energy market in the years ahead. So say some pros now investing in LNG. The only U.S. pure play is Houston's Cheniere Energy (LNG ), whose shares trade on the American Stock Exchange with the ticker symbol LNG. Cheniere is currently building three "regasification" terminals in Louisiana and Texas, with the capacity to transform cheap imported LNG back to natural gas. Chevron (CVX ) and Total (TOT ) have already contracted with Cheniere to treat LNG that they will buy abroad when these terminals start operations in 2008. A fourth Cheniere facility is still awaiting government approval. Cheniere shares have soared -- from 25 in May to 39 now. William Harnisch, CEO of hedge fund Peconic Partners, which owns a 1.5% stake and invests heavily in energy, says Cheniere is "way ahead of the curve in gearing up for the jump in demand for liquefied natural gas in the years ahead." He figures the shares will hit 100 in two years, in light of projected revenues and earnings before interest and taxes. His forecast, however, is based on natural gas priced at a conservative $4 per 1,000 cubic feet, vs. today's perhaps unsustainable $14. Samuel Brothwell of Wachovia Securities (WB ), who rates Cheniere "outperform," says "LNG is essential to keep pace with the fast rise in demand for gas." He sees Cheniere making money in 2008. Phillips Johnston of JPMorgan Securities (JPM ), which has done banking for Cheniere, rates the stock "overweight." He sees Cheniere earning 84 cents a share and having cash flow of $2.26 a share in 2008. Johnston predicts that "imports of LNG will expand substantially in the coming 10 to 15 years." Note: Unless otherwise noted, neither the sources cited in Inside Wall Street nor their firms hold positions in the stocks under discussion. Similarly, they have no investment banking or other financial relationships with them. === The article is inaccurate. Cheniere is not building three terminals. for example. The article implies that three terminals will be operating in 2008. The Cheniere Corpus Cristi project hasn't attracted a single customer or any financing. Even if the started consrtuction, completion by 2008 in impossible. Completion of the Sabine Pass project by 2008 seems doubtful now. ConocoPhilips and a private company Freeport LNG Development, L.P. chaired by Michael S. Smith are building the Freeport project in which Cheniere has a 30% interest. Cheniere is not building it and will not manage it.