HOUSTON, May 14 /PRNewswire-FirstCall/ -- Cheniere Energy,
Inc. ("Cheniere") (NYSE Amex: LNG) announced today the closing of
the sale of its 30 percent limited partner interest in Freeport LNG
Development L.P. for net proceeds of approximately $104 million to ZHA FLNG Purchaser, LLC, an
entity formed by Zachry American Infrastructure, LLC and Hastings
Funds Management (USA), Inc. on
behalf of institutional investors.
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Cheniere Energy, Inc. is a Houston-based energy company primarily engaged
in LNG related businesses, and owns and operates the Sabine Pass
LNG receiving terminal and Creole Trail pipeline in Louisiana. Cheniere is pursuing related
business opportunities both upstream and downstream of the Sabine
Pass LNG receiving terminal. Additional information about
Cheniere Energy, Inc. may be found on its web site at
www.cheniere.com.
For additional information, please refer to the Cheniere Energy,
Inc. Annual Report on Form 10-K for the year ended December 31, 2009, filed with the Securities and
Exchange Commission.
This press release contains certain statements that may include
"forward-looking statements" within the meanings of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of
historical facts, included herein are "forward-looking statements."
Included among "forward-looking statements" are, among other
things, (i) statements regarding Cheniere's business strategy,
plans and objectives and (ii) statements expressing beliefs and
expectations regarding the development of Cheniere's LNG receiving
terminal and pipeline businesses. Although Cheniere believes that
the expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. Cheniere's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in Cheniere's periodic reports
that are filed with and available from the Securities and Exchange
Commission. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Other than as required under the securities laws,
Cheniere does not assume a duty to update these forward-looking
statements.
SOURCE Cheniere Energy, Inc.