Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment, Net of Accumulated Depreciation

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Property, Plant and Equipment, Net of Accumulated Depreciation
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net of Accumulated Depreciation PROPERTY, PLANT AND EQUIPMENT, NET OF ACCUMULATED DEPRECIATION
 
Property, plant and equipment, net of accumulated depreciation consisted of the following (in millions):
September 30, December 31,
2024 2023
LNG terminal    
Terminal and interconnecting pipeline facilities $ 20,250  $ 20,176 
Construction-in-process 211  189 
Accumulated depreciation (4,669) (4,173)
Total LNG terminal, net of accumulated depreciation 15,792  16,192 
Fixed assets  
Fixed assets 32  29 
Accumulated depreciation (27) (26)
Total fixed assets, net of accumulated depreciation 5  3 
Assets under finance leases
Tug vessels 74  23 
Accumulated depreciation (3) (6)
Total assets under finance leases, net of accumulated depreciation 71  17 
Property, plant and equipment, net of accumulated depreciation $ 15,868  $ 16,212 
Depreciation expense was $169 million and $166 million during the three months ended September 30, 2024 and 2023, respectively, and $505 million and $497 million during the nine months ended September 30, 2024 and 2023, respectively.