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Press release from Business Wire

GE Technology to Power Cheniere Energy's LNG Export Facility in Louisiana

<ul> <li class='bwlistitemmargb'> <i>Sabine Pass First LNG Export Plant Built in North America to Capitalize on Resurgent U.S. Natural Gas Supplies</i> </li> <li class='bwlistitemmargb'> <i>PGT25+G4 Turbines selected to Drive Compression Trains for First Two Liquefaction Trains</i> </li> </ul>

Monday, October 08, 2012

GE Technology to Power Cheniere Energy's LNG Export Facility in Louisiana08:30 EDT Monday, October 08, 2012 LONDON (Business Wire) -- GE Oil & Gas (NYSE: GE) will supply gas compression trains for Cheniere Energy's Sabine Pass liquefaction expansion project in Cameron Parish, La., about 170 miles west of Baton Rouge. Adding liquefaction capabilities will transform the existing Sabine Pass LNG terminal into the first LNG terminal capable of importing and exporting liquefied natural gas (LNG) in the U.S. GE will supply 12 PGT25+G4 aeroderivative gas turbines to drive the first two liquefaction trains of the Sabine Pass Liquefaction Project currently under construction. Each train will have the capacity to produce approximately 4.5 million metric tons per annum (mtpa) of LNG. Cheniere has received regulatory approvals from the Federal Energy Regulatory Commission to construct up to four liquefaction trains at Sabine Pass. Cheniere is expected to reach a final investment decision on its third and fourth liquefaction trains in the first quarter of 2013, with construction of those trains expected to commence shortly thereafter. GE's PGT25+G4 aeroderivative gas turbine, which has been selected for the Sabine Pass liquefaction project, features high efficiency and reliable performance. The G4—derived from CF6 aircraft engines—contains a rugged GE high-speed 34-megawatt gas turbine, the LM2500+G4, coupled with a two-stage high-speed power turbine module with increased flow capacity. A highly efficient machine for mechanical and generator drive applications, the PGT25+G4 was developed based on GE's extensive experience with heavy-duty gas turbines. “We're pleased that our well-proven technology has been selected for the Sabine Pass liquefaction project. We have been able to build a strong presence in the LNG sector by leveraging our gas turbine, compressor and offshore production technology for many of the world's leading LNG projects,” said Prady Iyyanki, president and CEO—turbomachinery for GE Oil & Gas. “Technology innovation and economies of scale have been the two key contributors to the oil and gas industry's progress. GE Oil & Gas has played a key role in the evolution of LNG technology. Our sustained commitment to innovative design and world-class engineering and our production and testing capabilities have allowed us to push the envelope of highly reliable, advanced LNG solutions,” added Iyyanki. GE announced its role in the Sabine Pass liquefaction project today at Gastech, which is being held in London from Oct. 8-11. Cheniere Energy, Inc. (NYSE MKT: LNG) is a Houston-based energy company primarily engaged in LNG related businesses, which owns and operates the Sabine Pass LNG terminal and Creole Trail pipeline in Louisiana. Cheniere is pursuing related business opportunities both upstream and downstream of the Sabine Pass LNG terminal. Through its subsidiary, Cheniere Energy Partners, L.P., Cheniere is developing a liquefaction project adjacent to the Sabine Pass LNG terminal for up to four liquefaction trains with aggregate capacity of 18.0 mtpa. Construction has begun on the first two liquefaction trains at Sabine Pass. Cheniere has also initiated a liquefaction project to be constructed near Corpus Christi, Texas. Additional information about Cheniere Energy, Inc. can be found on its website at www.cheniere.com. About GE GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com. Follow GE's Oil & Gas business on Twitter @GE_OilandGas. GE Oil & GasFabio Pianini+39 055-423-8872fabio.pianini@ge.comorMasto Public RelationsKen Darling , +1 518-786-6488kenneth.darling@ge.comorKate Culman, +1 518-786-6488kate.culman@mastopr.com