Cheniere Energy Inc was incorporated in Delaware in 1983. The Company is engaged in LNG-related businesses. The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P. The Sabine Pass LNG terminal is located on the Sabine Pass deep water shipping channel less than four miles from the Gulf Coast. The Company is developing a second natural gas liquefaction and export facility near Corpus Christi, Texas. Its business activities are conducted by two segments such as LNG terminal business and LNG and natural gas marketing business. LNG terminal business began developing its LNG terminal business in 1999. The Company is engaged in development efforts on three LNG terminal projects: the Sabine Pass LNG terminal in western Cameron Parish, Louisiana, less than four miles from the Gulf Coast on the deepwater ship channel; the Corpus Christi LNG terminal near Corpus Christi, Texas; and the Creole Trail LNG terminal at the mouth of the Calcasieu Channel in central Cameron Parish, Louisiana. The Company has constructed and are operating regasification facilities at the Sabine Pass LNG terminal and also developing and constructing the Sabine Pass Liquefaction Project, which is owned through Cheniere Partners. The Company's wholly owned subsidiary, Cheniere Marketing, is engaged in the LNG and natural gas marketing business and is seeking to develop a portfolio of long-term, short-term and spot LNG purchase and sale agreements. Sabine Pass LNG does not experience competition for its terminal capacity because the entire approximately 4.0 Bcf/d of regasification capacity that is available at the Sabine Pass LNG terminal has been fully contracted. If and when Sabine Pass LNG has to replace any TUAs, it will compete with other then-existing LNG terminals for customers. The LNG terminals are subject to regulation under federal, state and local statutes, rules, regulations and laws.
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