Cheniere Energy, Inc. Announces Offer to Acquire Outstanding Shares of Cheniere Energy Partners LP Holdings, LLC

HOUSTON–(BUSINESS WIRE)–Cheniere Energy, Inc. (ÔÇ£CheniereÔÇØ) (NYSE American: LNG) announced today
that it has submitted a proposal to the board of directors of Cheniere
Energy Partners LP Holdings, LLC (ÔÇ£Cheniere Partners HoldingsÔÇØ) (NYSE
American: CQH) to acquire the publicly held shares of Cheniere Partners
Holdings not already owned by Cheniere in a stock for stock exchange.
Subject to negotiation and execution of a definitive agreement, Cheniere
is proposing consideration of 0.4500 Cheniere shares for each
outstanding publicly-held share of Cheniere Partners Holdings as part of
a transaction that would be structured as a merger of Cheniere Partners
Holdings with a wholly-owned subsidiary of Cheniere. The proposed
consideration represents a value of $28.24 per common share of Cheniere
Partners Holdings based on the closing price of CheniereÔÇÖs shares as of
May 16, 2018. The proposed transaction is expected to be a tax-free
exchange to Cheniere Partners HoldingsÔÇÖ shareholders.

The proposed transaction is subject to the negotiation and execution of
a definitive agreement and approval of such definitive agreement and
transactions contemplated thereunder by the board of directors of
Cheniere, the board of directors of Cheniere Partners Holdings, and a
conflicts committee established by the board of directors of Cheniere
Partners Holdings, and the consummation of the proposed transaction
would be subject to customary closing conditions. There can be no
assurance that any such approvals will be forthcoming, that a definitive
agreement will be executed, or that any transaction will be consummated.

About Cheniere

Cheniere Energy, Inc., a Houston-based energy company primarily engaged
in LNG-related businesses, owns and operates the Sabine Pass LNG
terminal in Louisiana. Directly and through its subsidiary, Cheniere
Energy Partners, L.P., Cheniere is developing, constructing, and
operating liquefaction projects near Corpus Christi, Texas and at the
Sabine Pass LNG terminal, respectively. Cheniere is also exploring a
limited number of opportunities directly related to its existing LNG
business.

For additional information, please refer to the Cheniere website at www.cheniere.com
and Quarterly Report on Form 10-Q for the quarter ended March 31, 2018,
filed with the Securities and Exchange Commission.

Forward-Looking Statements

This press release includes ÔÇ£forward-looking statementsÔÇØ within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. In
particular, statements using words such as ÔÇ£may,ÔÇØ ÔÇ£will,ÔÇØ ÔÇ£could,ÔÇØ
ÔÇ£should,ÔÇØ ÔÇ£expect,ÔÇØ ÔÇ£plan,ÔÇØ ÔÇ£project,ÔÇØ ÔÇ£intend,ÔÇØ ÔÇ£anticipate,ÔÇØ
ÔÇ£believe,ÔÇØ ÔÇ£estimate,ÔÇØ ÔÇ£predict,ÔÇØ ÔÇ£potential,ÔÇØ ÔÇ£pursue,ÔÇØ ÔÇ£target,ÔÇØ
ÔÇ£continue,ÔÇØ the negative of such terms or other comparable terminology
generally involve forward-looking statements. The forward-looking
statements contained herein (including statements regarding the proposed
transaction and its effects, benefits and costs, savings, opinions,
forecasts, projections, expected timetable for completion, expected
distribution, and any other statements regarding Cheniere Partners
HoldingsÔÇÖ and CheniereÔÇÖs future expectations, beliefs, plans,
objectives, financial conditions, assumptions or future events or
performance that are not statements of historical fact) are largely
based on our expectations, which reflect estimates and assumptions made
by our management. These estimates and assumptions reflect our best
judgment based on currently known market conditions and other factors.
Although we believe that such estimates are reasonable, they are
inherently uncertain and involve a number of risks and uncertainties
beyond our control. In addition, assumptions may prove to be inaccurate.
We caution that the forward-looking statements contained herein are not
guarantees of future performance and that such statements may not be
realized or the forward-looking statements or events may not occur.
Actual results may differ materially from those anticipated or implied
in forward-looking statements as a result of numerous factors,
including, but not limited to, the negotiation and execution, and the
terms and conditions, of a definitive agreement relating to the proposed
transaction and the ability of Cheniere or Cheniere Partners Holdings to
enter into or consummate such an agreement; the risk that the proposed
merger does not occur; negative effects from the pendency of the
proposed merger; the ability to realize expected cost savings and
benefits; failure to obtain the required vote of Cheniere Partners
HoldingsÔÇÖ shareholders; the timing to consummate the proposed
transaction; the impact of regulatory changes; and other factors
affecting future results disclosed in CheniereÔÇÖs and Cheniere Partners
HoldingsÔÇÖ respective filings with the SEC (available at the SECÔÇÖs
website at www.sec.gov),
including but not limited to those discussed under Item 1A, ÔÇ£Risk
FactorsÔÇØ, in CheniereÔÇÖs Annual Report on Form 10-K for the year ended
December 31, 2015 and Cheniere Partners HoldingsÔÇÖ Annual Report on Form
10-K for the year ended December 31, 2015. These forward-looking
statements speak only as of the date made, and other than as required by
law, we undertake no obligation to update or revise any forward-looking
statement or provide reasons why actual results may differ, whether as a
result of new information, future events or otherwise.

Additional Information and Where to Find It

This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of a
proxy or of any vote or approval. This communication may be deemed to be
solicitation material in respect of the proposed transaction between
Cheniere and Cheniere Partners Holdings. In the event that the parties
enter into a definitive agreement with respect to the proposed
transaction, the parties intend to file a registration statement on Form
S-4, containing a proxy statement/prospectus (the ÔÇ£S-4ÔÇØ) with the SEC.
This communication is not a substitute for the registration statement,
definitive proxy statement/prospectus or any other documents that
Cheniere or Cheniere Partners Holdings may file with the SEC or send to
shareholders in connection with the proposed transaction. INVESTORS AND
SHAREHOLDERS OF CHENIERE PARTNERS HOLDINGS ARE URGED TO READ ALL
RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE PROXY
STATEMENT/PROSPECTUS IF AND WHEN FILED, BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.

When available, investors and security holders will be able to obtain
copies of the S-4, including the proxy statement/prospectus and any
other documents that may be filed with the SEC in the event that the
parties enter into a definitive agreement with respect to the proposed
transaction free of charge at the SECÔÇÖs website at http://www.sec.gov.
Copies of documents filed with the SEC by Cheniere will also be made
available free of charge on CheniereÔÇÖs website at www.cheniere.com.
Copies of documents filed with the SEC by Cheniere Partners Holdings
will also be made available free of charge on Cheniere Partners
HoldingsÔÇÖ website at www.cheniere.com.

Participants in the Solicitation

Cheniere, Cheniere Partners Holdings and their respective directors and
executive officers may be deemed to be participants in any solicitation
of proxies from Cheniere Partners HoldingsÔÇÖ shareholders with respect to
the proposed transaction. Information about Cheniere Partners HoldingsÔÇÖ
directors and executive officers is set forth in Cheniere Partners
HoldingsÔÇÖ 2017 annual report on Form 10-K, which was filed with the SEC
on February 21, 2018. Information about CheniereÔÇÖs directors and
executive officers is set forth in CheniereÔÇÖs proxy statement for its
2018 Annual Meeting of Shareholders, which was filed with the SEC on
April 13, 2018. Other information regarding the participants in the
proxy solicitation and a description of their direct and indirect
interests, by security holdings or otherwise, will be contained in the
proxy statement/prospectus and other relevant materials to be filed with
the SEC regarding the proposed transaction if and when they become
available. Investors should read the proxy statement/prospectus
carefully if and when it becomes available before making any voting or
investment decisions.

Contacts

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