Cheniere Energy, Inc. — Director's Dealing 2007

May 30, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHENIERE ENERGY INC (LNG)
CIK: 0000003570
Period of Report: 2007-05-25

Reporting Person: Kobiashvili Zurab S (Sr. VP & General Counsel)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-25	Phantom Stock	$	A	37000	Acquired	2010-12-31	Common Stock (37000)	Direct
2007-05-25	Phantom Stock	$	A	111000	Acquired	2010-12-31	Common Stock (111000)	Direct

Footnotes

F1: Each share of phantom stock is the economic equivalent of one share of Cheniere Energy, Inc. Common Stock, and is payable in cash or in Cheniere Common Stock if the average closing stock price of $33.57 is achieved as reported on the American Stock Exchange for the last 20 trading days of the earliest of 2007, 2008, 2009 or 2010.

F2: Each share of phantom stock is the economic equivalent of one share of Cheniere Energy, Inc. Common Stock, and one-third of the phantom stock is payable in cash or in Cheniere Common Stock if the following average closing stock prices are achieved as reported on the American Stock Exchange for the last 20 trading days of the designated performance period ending Dec. 31, 2008, 2009 or 2010, or any future performance period. The stock prices to be achieved for performance periods are: 2008 - $42.00; 2009 - $50.00; 2010 - $60.00.