Cheniere Energy Inc. Expands Board of Directors.

HOUSTON--(BUSINESS WIRE)--March 1, 1999--Cheniere Energy Inc. (Nasdaq:CHEX) announced today that Michael L. Harvey has been elected to serve as a member of the Company's Board of Directors. Harvey is Managing Partner and Co-Founder of Vaquero Capital Partners LLC, which provides investment banking and capital formation for independent oil and gas companies.

Mr. Harvey began his career in 1973 with Shell Oil Company in Corporate Planning and Economics. He served as Manager of Land Operations for General Crude Oil Company from 1977 to 1979, when he joined Roy M. Huffington Inc. as Vice President. In 1987, Mr. Harvey founded Gulfstar Petroleum Corporation, Gulfstar Operating Company and Gulfstar Energy Inc. He served as President and CEO of the companies until 1997, when Gulfstar Energy was merged into Domain Energy Corporation (now Range Resources). He was Executive Vice President and a Director for Domain in 1997 and 1998. In 1999, Harvey formed Vaquero Capital Partners and presently serves as Managing Partner. He continues as Chairman of Estrella del Golfo LLC, which he co-founded in 1996 to conduct exploration and production asset management in Venezuela.

Walter L. Williams, Cheniere's President and CEO, said "We're very pleased to have Michael join our board. We believe the coming year will be a time of much opportunity and growth for Cheniere. Michael's hands-on experience in the oil and gas industry will be of considerable value to Cheniere as we move into a very active time for the company."

Houston-based Cheniere Energy Inc. is an independent oil and gas company focusing in the Transition Zone of Louisiana. The Company relies extensively on the use of 3-D seismic technology in its exploration. It owns, in a program with one partner, a 228-square-mile proprietary 3-D project in Cameron Parish. Acquisition and processing of seismic data in the project has been completed. Interpretation and leasing are underway. Drilling began in February 1999.