Cheniere Energy Inc (LNG)

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The Trains are in various stages of development:

-- Construction on Trains 1 and 2 began in August 2012 , and as of June 30, 2015 , the overall project completion percentage for Trains 1 and 2 was approximately 92.2%, which is ahead of the contractual schedule. Based on our current construction schedule, we anticipate that Train 1 will produce LNG as early as late 2015.

-- Construction on Trains 3 and 4 began in May 2013 , and as of June 30, 2015 , the overall project completion percentage for Trains 3 and 4 was approximately 69.2%, which is ahead of the contractual schedule. We expect Trains 3 and 4 to become operational in late 2016 and 2017, respectively.

-- The permitting process for Trains 5 and 6 has been completed. In April 2015 , Cheniere Partners received FERC authorization to site, construct, and operate Trains 5 and 6. In June 2015 , Cheniere Partners received authorization from the DOE to export LNG to non-FTA countries.

-- Construction on Train 5 began on June 30, 2015 , and Train 6 is under development. We expect Train 5 to commence operations as early as 2018. We expect to commence construction on Train 6 upon entering into acceptable commercial arrangements and obtaining adequate financing.