Sabine Pass LNG Terminal Project

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Cheniere LNG Terminals

• Corpus Christi LNG Export Terminal Project
• Sabine Pass LNG Terminal Project
• Corpus Christi Lng Terminal
• Sabine Pass LNG Terminal
• Freeport LNG Terminal

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Summary Information

• Ownership: Cheniere Energy Partners
• Website: http://www.cheniereenergypartners.com/
• Wikipage Sabine Pass Lng Terminal
• Location: Lousiana
• Capacity:
  • Phase 1: 18 million tons/annum (4 Trains * 4.5 Million Tons)
  • Phase 2: 9 million tons/annum (2 Trains * 4.5 Million Tons)
• Status: Under construction

Ongoing Projects/Project Status

• The terminal is currently an import terminal, for details see Sabine Pass LNG Terminal
• However due to the surplus of natural gas in the USA, the terminal is to be expanded to add export capabilities.
• The project is expected to be completed in 2015
• Project cost is budgeted at $6 Billion
• The terminal will utilise ConocoPhillips Optimized Cascade® technology
• Bechtel: will design, construct and commission four liquefaction trains
• GE Oil & Gas: Supply of gas compression trains

Summary Project Timeline

Milestone	Estimated Completion
DOE export authorization	Approved
Enter into definitive commercial agreements	Mid 2011
EPC contract	2H2011
Financing commitments	2H2011
FERC construction authorization	2012
Commence construction	2012
Commence operations	2015

Suppliers / Customers

• Suppliers: Various US based gas producers
• Customers:
  • EDF has signed an MOU for between 0.7 million and 1.5 tonnes per annum ("mtpa") for Dunkerque LNG Terminal
  • Basic Energy (Dominican Republic) intends to purchase up to 0.6 million tonnes per annum
  • BG Group plans to buy 5.5 million tonnes per annum (mtpa)
  • Gas Natural Fenosa contracts for approximately 3.5 million tonnes per annum
  • KOGAS contracts for approximately 3.5 million tonnes per annum
  • Centrica: 1.75 million metric tonnes per annum (mmtpa) from 2018

History

• 2010 - Project launched
• 2011 - Sabine Pass Liquefaction, received authorization from the U.S. Department of Energy ("DOE") to export natural gas from the Sabine Pass LNG terminal
• 2011 - Project announcement made by Louisiana Governor
• 2011 - Cheniere Partners Enters into Lump Sum Turnkey Contract with Bechtel
• 2011 - Gas Natural Fenosa signs contract for approximately 3.5 million tonnes per annum
• 2011 - GAIL India Sign 20-Year LNG Sale and Purchase Agreement
• 2012 - BG Group reached agreement to purchase an additional 2 million tonnes of liquefied natural gas (LNG) over a 20-year period
• 2012 - Cheniere and KOGAS Sign 20-Year LNG Sale and Purchase Agreement for 3.5 million tonnes per annum
• 2012 - Blackstone Enters into an Arrangement for $2B Equity Investment for the Sabine Pass Liquefaction Project
• 2012 - Approval granted by the Federal Energy Regulatory Commission (FERC)
• 2012 - Cheniere Partners Closes $3.6B Credit Facility
• 2012 - Total signs agreement to buy 0.7 million tons from Kogas
• 2012 - Total signs agreement to buy 2.0 million tons per annum from train 5
• 2012 - Cheniere Partners Enters into Lump Sum Turnkey Contract with Bechtel for Trains 3 and 4
• 2013 - Centrica signs purchase agreement for LNG from Train 5

Other Information

• If completed as planned, it will be the first LNG export terminal in the USA, outside of Alaska

Relevant Links

1. Cheniere Energy Partners Initiating Project to Add Liquefaction Capabilities at the Sabine Pass LNG Terminal
2. Cheniere Signs MOU with EDF Trading for Bi-Directional Processing Capacity at the Sabine Pass LNG Terminal
3. Cheniere Signs MOU for LNG Sales to Basic Energy, a Dominican Republic Power Generator
4. Cheniere Receives Additional DOE Approval, Authorization to Export Natural Gas as LNG to all LNG Importing Nations Concluded
5. Gov. Jindal and Cheniere Energy CEO Announce $6 Billion Natural Gas Liquifaction Facility in Louisiana
6. BG Group signs long-term US LNG purchase agreement
7. Cheniere Partners Enters into Lump Sum Turnkey Contract with Bechtel
8. Cheniere and Gas Natural Fenosa Sign 20-Year LNG Sale and Purchase Agreement
9. Cheniere and GAIL India Sign 20-Year LNG Sale and Purchase Agreement
10. BG Group to increase LNG volumes from Sabine Pass
11. Cheniere and KOGAS Sign 20-Year LNG Sale and Purchase Agreement
12. Blackstone Enters into an Arrangement for $2B Equity Investment for the Sabine Pass Liquefaction Project
13. FERC Approves LNG Export Project
14. Cheniere Partners Receives $3.4B Firm Lender Commitments for Sabine Pass Liquefaction Project
15. Cheniere Partners Closes $3.6B Credit Facility for Sabine Pass Liquefaction Project
16. Cheniere Issues Notice to Proceed ("NTP") for Construction of First Two Liquefaction Trains
17. Total Signs a Commercial Agreement with Kogas for LNG
18. GE Technology to Power Cheniere Energy’s LNG Export Facility in Louisiana
19. Cheniere and Total Sign 20-Year LNG Sale and Purchase Agreement for LNG Exports from Sabine Pass
20. Cheniere Partners Enters into Lump Sum Turnkey Contract with Bechtel for Trains 3 and 4 at Sabine Pass Liquefaction
21. Centrica signs long-term North American LNG export contract with Cheniere
22. Cheniere Marketing Enters into LNG Sales Arrangements with EDF
23. ENGIE and Cheniere enter into an LNG Sales and Purchase Agreement

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