ROHSTOFF INTERNATIONAL

14:30 | 09.02.2018
Cheniere Announces LNG Sale and Purchase Agreements with China National Petroleum Corporation

Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today
that it has entered into two liquefied natural gas (“LNG”) sale and
purchase agreements (“SPA”) with China National Petroleum Corporation
(“CNPC”).

Under the SPAs with Cheniere’s subsidiaries, Corpus Christi
Liquefaction, LLC and Cheniere Marketing International LLP, CNPC
subsidiary PetroChina International Company Limited will purchase
approximately 1.2 million tonnes per annum of LNG, with a portion of the
supply beginning in 2018 and the balance beginning in 2023. The term of
each SPA continues through 2043. The purchase price for LNG will be
indexed to the Henry Hub price plus a fixed component.

“We are pleased to announce these LNG contracts with China National
Petroleum Corporation, an important global energy player in one of the
largest and fastest growing LNG markets worldwide,” said Jack Fusco,
Cheniere’s President and CEO. “These long-term SPAs build upon the
Memorandum of Understanding we signed in November, and we look forward
to a successful long-term partnership with CNPC. We expect these
agreements to support the development of Corpus Christi Train 3, and we
are now focused on completing the remaining necessary steps to reach a
final investment decision later this year.”
About Cheniere
Cheniere Energy, Inc. is the leading exporter of U.S. liquefied natural
gas. Cheniere is currently operating and constructing its Sabine Pass
LNG facility in Louisiana and is constructing a second liquefaction
facility near Corpus Christi, Texas. When both projects are complete,
Cheniere is expected to be a top-5 global supplier of LNG. Cheniere’s
LNG is based on natural gas sourced from the robust, transparent, and
liquid U.S. market, which provides access to abundant and low-cost gas
resources. Cheniere is a full-service LNG provider, sourcing gas for its
facilities and allowing customers to load cargoes at Cheniere’s LNG
facilities or receive them at regasification facilities around the
world. To date, approximately 300 cumulative LNG cargoes have been
exported from the Sabine Pass LNG facility. Cheniere is based in
Houston, Texas, and has additional offices in London, Tokyo, Washington,
Singapore, Santiago and Beijing.

For additional information, please refer to the Cheniere website at www.cheniere.com
and Quarterly Report on Form 10-Q for the quarter ended September 30,
2017, filed with the Securities and Exchange Commission.
About CNPC
China National Petroleum Corporation, based in China, is the world’s 3rd
largest oil company and China’s largest oil and gas producer and
supplier. CNPC has interests in oil and gas assets in more than 30
countries. CNPC contributed more than 70% of China’s natural gas supply
in 2017. CNPC owns and operates 3 LNG receiving and regasification
terminals in China and is in the advanced stages of developing
additional facilities in China for the import of additional LNG.
Forward-Looking Statements
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 or present
facts or conditions, 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 development, construction and operation of liquefaction
facilities, (ii) statements regarding 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180209005086/en/


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