Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment (Tables)

v2.4.0.8
Property, Plant and Equipment (Tables)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Property, Plant and Equipment [Abstract]    
Schedule of capitalized terminal costs and fixed assets
Property, plant and equipment consists of LNG terminal costs and fixed assets, as follows (in thousands):
 
 
December 31,
 
 
2013
 
2012
LNG terminal costs
 
 
 
 
LNG terminal
 
$
2,225,412

 
$
2,224,230

LNG terminal construction-in-process
 
4,448,541

 
1,228,647

LNG site and related costs, net
 
149

 
156

Accumulated depreciation
 
(291,265
)
 
(234,349
)
Total LNG terminal costs, net
 
6,382,837

 
3,218,684

 
 
 
 
 
Fixed assets
 
 

 
 

Computer and office equipment
 
612

 
368

Vehicles
 
907

 
704

Machinery and equipment
 
1,490

 
1,473

Other
 
963

 
760

Accumulated depreciation
 
(2,870
)
 
(2,397
)
Total fixed assets, net
 
1,102

 
908

 
 
 
 
 
Property, plant and equipment, net
 
$
6,383,939

 
$
3,219,592

 
 
Schedule of estimated useful lives  
The identifiable components of the Sabine Pass LNG terminal with similar estimated useful lives have a depreciable range between 15 and 50 years, as follows:
Components
 
Useful life (yrs)
LNG storage tanks
 
50
Natural gas pipeline facilities
 
40
Marine berth, electrical, facility and roads
 
35
Regasification processing equipment (recondensers, vaporization and vents)
 
30
Sendout pumps
 
20
Others
 
15-30