Cheniere Energy Partners, Lp · NYSE:CQP
Cheniere Energy Partners, Lp — Investor Presentation (December 2007)
15 slides from Cheniere Energy Partners, Lp's investor presentation, Dec 3, 2007
Slide 1: Cheniere Energy Partners, L.P. December 2007
Cheniere Energy Partners December 2007 CHENIERE ENERGY PARTNERS, L.P. (Gp:) *Corpus Christi LNG, LLC Cheniere Energy, Inc. 100% *Artist’s Rendition (Gp:) *Creole Trail LNG, L.P. Cheniere Energy, Inc. 100% *Freeport LNG Development, L.P. Cheniere Energy, Inc. 30% * Sabine Pass LNG, L.P. Cheniere Ener
Slide 2: Forward-looking statements
This presentation contains certain statements that are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. All statements, other than statements of histo
Slide 3: Value Drivers
Value Drivers Cheniere Marketing Asset Development Partnership Interests Sabine Pass LNG 4.0 Bcf/d LNG Terminal Cheniere Energy Partners, L.P. AMEX:CQP 91% Interest (GP & LP units) Creole Trail LNG Terminal Creole Trail Pipeline Corpus Christi LNG Terminal Freeport LNG Development, L.P. (Freeport LN
Slide 4: CQP Investment Highlights
CQP Investment Highlights Body: Stable, 20-year cash flows under take-or-pay contracts Strong natural gas fundamentals support increased LNG imports Largest LNG receiving terminal in North America when complete Fully-funded construction costs; leading EPC contractors Focusing on strategic developmen
Slide 5: Sabine Pass LNG Receiving Terminal
Sabine Pass LNG 4 Bcf/d Receiving Terminal Sabine Pass Construction Site November 2007 Body: Land 853 acres in Cameron Parish, LA Accessibility Deep Water Ship Channel Sabine River Channel dredged to 40 feet Proximity 3.7 nautical miles from coast 22.8 nautical miles from outer buoy Berthing/Unloadi
Slide 6: Sabine Pass Terminal Update November 2007
Sabine Pass Terminal Update November 2007
Slide 7: Key Milestones
Key Milestones Q3 2008 Expected completion of Phase 1 (2.6 Bcf/d) April 2009 Expected start of Total TUA payments ( $125 million per year) July 2009 Expected start of Chevron TUA payments ( $125 million per year) Q2 2008 Expected start of Cheniere Marketing TUA payments ($5 million per month) 2008 J
Slide 8: Agreements Provide Stable Cash Flows
Agreements Provide Stable Cash Flows (1) Fees do not vary with the actual quantity of LNG processed; tax reimbursement not included in the fees. (2) No inflation adjustments. (3) Subject to annual inflation adjustment. (4) Subject to terminal completion. (5) Cheniere Marketing TUA payments for 2008
Slide 9: Estimated CQP Cash Flow Summary
Estimated CQP Cash Flow Summary Phase 1 Completed Phase 2 Completed (1) Twelve months ended June 30, 2010. (US$ Millions) For the twelve months ended December 31, 2007e 2008e 2009e 2010e (1) Revenue $0 $48 $415 $511 EBITDA (13) 9 369 461 Cash Received from Sabine Pass 0 0 257 308 Annual Distribution
Slide 10: Target Market Access
Target Market Access Midwest Markets Northeast Markets Southeast Markets Gulf Coast Markets Mexican Markets
Slide 11: Development Projects
Development Projects Body: Installation of equipment to enhance fuel efficiency at the Sabine Pass terminal Waste Heat Recovery Ambient Air Vaporizers (AAV) Development of recently proposed interstate pipeline Proposed pipeline would extend from Louisiana to Alabama; called Louisiana Natural Gas Hea
Slide 12: Fuel Efficiency Projects
Fuel Efficiency Projects Body: Projects include installation of waste heat recovery units and ambient air vaporizers Waste heat recovery utilizes waste heat from gas turbine generator exhaust to heat water for use in the submerged combustion vaporizers Ambient air vaporizers reheat LNG without using
Slide 13: Louisiana Natural Gas Header Proposed Pipeline
Louisiana Natural Gas Header Proposed Pipeline Body: Pipeline would provide supply diversity Access to new and existing LNG gas supply in and around Louisiana; nearly 10 Bcf/d regas capacity by 2010 Access to traditional offshore, onshore and recently developed unconventional supply Pipeline would c
Slide 14: Louisiana Natural Gas Header pipeline map
Dq SESH - Lucedale SONAT Gulf South FGT 11 Tennessee Dequincy TGC, TETCO, Transco 45, Sempra, Liberty Storage Cheniere Sabine Pass LNG Johnson Bayou NGPL, Bridgeline, SWLateral TETCO FGT Tennessee (Gp:) Scale - Approximate (Gp:) 0 (Gp:) 40 (Gp:) 60 miles (Gp:) 20 FGT 9 Am LIG Louisiana Natural Gas H
Slide 15: Investment Summary
Investment Summary Body: Stable, 20-year cash flows under take-or-pay contracts Strong natural gas fundamentals support increased LNG imports Largest LNG receiving terminal in North America when complete Fully-funded construction costs; leading EPC contractors Focusing on strategic development proje
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