Form of Non-qualified Stock Option Grant For Non-employee Directors

EXHIBIT 10.4

NON-QUALIFIED STOCK OPTION GRANT

FOR NON-EMPLOYEES DIRECTORS

Non-Employee

Director

CHENIERE ENERGY, INC.

NON-QUALIFIED STOCK OPTION GRANT

Optionee:

I. Grant Of Stock Option . As of the grant date (identified below), Cheniere Energy, Inc. (the " Company" ) hereby grants a non-qualified stock option (the " option" ) to the undersigned Optionee (the " Optionee" ) to purchase the number of shares of the Company' s common stock, $.003 par value per share, identified below (the " common stock" ), subject to the terms and conditions of this grant (the " grant" ) and the Company' s 2003 stock incentive plan, as amended (the " plan" ), which is incorporated herein in its entirety by reference. The common stock, when issued to Optionee upon the exercise of the option, shall be fully pa ...