Cheniere Energy Inc. said one of its subsidiaries has entered into a short-term time charter agreement on the Galeomma, a 126,000 cubic-meter liquefied natural gas (LNG) vessel, from Shell Western LNG BV. The time charter is currently expected to commence in the fourth quarter. The vessel is expected to be utilized primarily for Cheniere to import LNG into the United States, and Cheniere anticipates making the vessel available for Sabine Pass LNG LP, its approximately 92% owned subsidiary, to commission its LNG receiving terminal currently being constructed. “Sabine Pass LNG LP is scheduled to commence commissioning its LNG receiving terminal during February 2008 and the Galeomma will be available to support such activities,” said Jean Abiteboul, executive director of Cheniere LNG International. “With the chartering of this vessel and the expected delivery to its affiliate, J&S Cheniere SA, of two additional vessels currently scheduled for December 2007 and March 2008, a total of three vessels will be available for the respective LNG transportation activities of Cheniere and J&S Cheniere.”

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