HOUSTON–(BUSINESS WIRE)–Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) and Bechtel Oil,
Gas and Chemicals, Inc. (“Bechtel”) announced today that Substantial
Completion of Train 1 of the Corpus Christi liquefaction project was
achieved on February 28, 2019. Commissioning is complete and Bechtel has
turned over care, custody, and control of Train 1 to Cheniere.

“Train 1 at Corpus Christi has achieved Substantial Completion, becoming
the first liquefaction train placed into operation at a greenfield
liquefaction facility in the lower 48 states,” said Jack Fusco,
President and CEO of Cheniere. “This momentous achievement was made
possible by Cheniere’s professionals and our EPC partner, Bechtel, who
worked diligently together to ensure a seamless transition from
construction to operations. I’d like to thank the Cheniere team and
Bechtel for their world class execution, which has enabled us to
continue our impeccable record of bringing trains online safely, ahead
of schedule, and within budget.”

“The entire Bechtel team is very proud of our contribution to Cheniere’s
success on the U.S. Gulf Coast, as we hand over custody of this historic
first Texas LNG train,” said Brendan Bechtel, Chairman and Chief
Executive Officer of Bechtel. “It was three years ago that we were able
to support Cheniere’s entry into the LNG export market with Train 1 at
the Sabine Pass Liquefaction project. With five trains now completed and
operating well ahead of schedule, we are excited to continue working
alongside Cheniere to deliver their next wave of trains with the
reliability of outcome that Cheniere and Bechtel have become known for
delivering. This program is a great example of how a one-team approach
can bring world-class results, and I want to congratulate Jack and the
Cheniere team for fostering this environment of collaboration and mutual
success.”

Under sale and purchase agreements (“SPAs”) with Endesa S.A. and PT
Pertamina (Persero), the date of first commercial delivery is expected
to occur in June 2019, upon which the term of each of these SPAs
commences. Additionally, bridging volumes are expected to begin in June
2019 under an SPA with Iberdrola, S.A.

With the achievement of Substantial Completion, financial results of LNG
sales from Train 1 going forward will be reflected in the statement of
operations of Cheniere and its applicable affiliates.

About Cheniere

Cheniere Energy, Inc. is the leading producer and exporter of liquefied
natural gas (LNG) in the United States, reliably providing a clean,
secure, and affordable solution to the growing global need for natural
gas. Cheniere is a full-service LNG provider, with capabilities that
include gas procurement and transportation, liquefaction, vessel
chartering, and LNG delivery. Cheniere has one of the largest
liquefaction platforms in the world, consisting of the Sabine Pass and
Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with
expected aggregate nominal production capacity of 36 million tonnes per
annum of LNG operating or under construction. Cheniere is also pursuing
liquefaction expansion opportunities and other projects along the LNG
value chain. Cheniere is headquartered in Houston, Texas, and has
additional offices in London, Singapore, Beijing, Tokyo, and Washington,
D.C.

For additional information, please refer to the Cheniere website at www.cheniere.com
and Annual Report on Form 10-K for the fiscal year ended December 31,
2018, filed with the Securities and Exchange Commission.

Forward-Looking Statements

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 or present
facts or conditions, included herein are “forward-looking statements.”
Included among “forward-looking statements” are, among other things, (i)
statements regarding Cheniere’s financial and operational guidance,
business strategy, plans and objectives, including the development,
construction and operation of liquefaction facilities, (ii) statements
regarding expectations regarding regulatory authorizations and
approvals, (iii) statements expressing beliefs and expectations
regarding the development of Cheniere’s LNG terminal and pipeline
businesses, including liquefaction facilities, (iv) statements regarding
the business operations and prospects of third parties, (v) statements
regarding potential financing arrangements, and (vi) statements
regarding future discussions and entry into contracts. 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.

Contacts

Cheniere Energy, Inc.
Investors
Randy Bhatia,
713-375-5479
Megan Light, 713-375-5492
Or
Media
Relations
Eben Burnham-Snyder, 713-375-5764