Quarterly report pursuant to Section 13 or 15(d)

Restricted Cash and Cash Equivalents

v3.22.2.2
Restricted Cash and Cash Equivalents
9 Months Ended
Sep. 30, 2022
Restricted Cash and Cash Equivalents [Abstract]  
Restricted Cash and Cash Equivalents RESTRICTED CASH AND CASH EQUIVALENTS
 
Restricted cash and cash equivalents consist of funds that are contractually or legally restricted as to usage or withdrawal. As of September 30, 2022 and December 31, 2021, we had $195 million and $98 million of restricted cash and cash equivalents, respectively.
Pursuant to the accounts agreement entered into with the collateral trustee for the benefit of SPL’s debt holders, SPL is required to deposit all cash received into reserve accounts controlled by the collateral trustee. The usage or withdrawal of such cash is restricted to the payment of liabilities related to the Liquefaction Project and other restricted payments.