Cheniere Energy Inc. announced Thursday that its affiliate, J&S Cheniere S.A. (“J&S”) has executed a time charter for its second LNG Vessel. J&S signed a time charter agreement for up to ten years with Kawasaki Kisen Kaisha, Ltd. (“K-Line”) to charter a new-build 145,000 cubic meter capacity LNG Vessel being constructed by Kawasaki Shipbuilding Corp. The vessel is expected to be delivered in the fourth quarter of 2007. In August of 2003 J&S chartered its first LNG vessel, the Tenaga Empat. In January of 2004 J&S signed a transportation agreement for the Tenaga Empat and has been actively transporting LNG cargoes into the US & Europe. Houston-based Cheniere Energy is developing Gulf Coast LNG receiving terminals near Sabine Pass, LA and near Corpus Christi, TX. Cheniere is also a 30% limited partner in Freeport LNG Development, L.P., which is developing an LNG receiving terminal in Freeport, TX.

©Copyright 2004 Intelligence Press Inc. All rights reserved. The preceding news report may not be republished or redistributed, in whole or in part, in any form, without prior written consent of Intelligence Press, Inc.