Cheniere Energy to consider strategic options

By Lisa Kerner

Charlotte, N.C., Feb. 25 - Cheniere Energy, Inc. is evaluating strategic options to enhance shareholder value with the assistance of Credit Suisse, it was announced on Monday.

Options could include optimizing the value of the Sabine Pass liquefied natural gas receiving terminal held under a long-term terminal use agreement by the company's wholly owned subsidiary, Cheniere Marketing, Inc.

After three years of construction, the receiving terminal, located in Cameron Parish, La., is expected to come online in the second quarter.

Cheniere said Sabine Pass will be the largest liquefied natural gas receiving terminal in North America by regasification capacity and will include two berths capable of handling the largest liquefied natural gas vessels.

"We do not believe that our current market valuation is reflective of the true value of this unique asset, and we are therefore exploring options to enhance value for our shareholders," chairman and chief executive officer Charif Souki stated in a company news release.

Cheniere Energy has a 90.6% interest in Cheniere Energy Partners, LP, owner of Sabine Pass.

Based in Houston, Cheniere Energy is a developer, constructer, owner and operator of onshore liquefied natural gas receiving terminals and related natural gas pipelines.

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