Cheniere Energy Updates LNG Receiving Terminals' Capacity

Cheniere Energy provides an update on the status of capacity at the planned Freeport LNG receiving terminal in which it holds a 30 percent limited partnership interest. On March 1, 2004, Freeport LNG Development LP (Freeport) finalized its agreement with The Dow Chemical Company for 500 million cubic feet per day (mmcf/d) of capacity, with an option for Dow to reduce this amount to 250 mmcf/d on or before Aug. 31, 2004. Dow is maintaining its commitment to 500 mmcf/d of regasification capacity at the terminal. On Sept. 3, 2004, Cheniere reported that its wholly owned limited partnership, Sabine Pass LNG, L.P., has entered into a terminal use and related agreement with Total LNG USA Inc., a subsidiary of Total for 1 bcf/d of capacity at its planned Sabine Pass terminal.