<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>a5116178ex10_2.txt
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
                                                                    Exhibit 10.2
                                                                    ------------



                Summary of Compensation to Non-Employee Director
                ------------------------------------------------

     On March 29, 2006 (the "Grant Date"),  Ms. Vicky A. Bailey was elected as a
director of Cheniere  Energy,  Inc. (the "Company") and was granted 25,000 fully
vested stock options with a term of ten years.  The exercise  price of the stock
options is the closing  price of the  Company's  common stock as reported on the
American  Stock  Exchange on the Grant Date or $40.27.  In addition,  Ms. Bailey
received  compensation  for the term of service  from March 29, 2006 through May
2006 of $25,000.
</TEXT>
</DOCUMENT>
