Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Notes)

v2.4.0.8
Property, Plant and Equipment (Notes)
 3 Months Ended
Mar. 31, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
PROPERTY, PLANT AND EQUIPMENT
 
Property, plant and equipment consists of LNG terminal costs and fixed assets, as follows (in thousands):
 
 
March 31,
 
December 31,
 
 
2014
 
2013
LNG terminal costs
 
 
 
 
LNG terminal
 
$
2,232,495

 
$
2,225,412

LNG terminal construction-in-process
 
5,099,744

 
4,448,541

LNG site and related costs, net
 
147

 
149

Accumulated depreciation
 
(305,574
)
 
(291,265
)
Total LNG terminal costs, net
 
7,026,812

 
6,382,837

 
 
 
 
 
Fixed assets
 
 

 
 

Computer and office equipment
 
613

 
612

Vehicles
 
1,306

 
907

Machinery and equipment
 
1,490

 
1,490

Other
 
1,014

 
963

Accumulated depreciation
 
(3,043
)
 
(2,870
)
Total fixed assets, net
 
1,380

 
1,102

 
 
 
 
 
Property, plant and equipment, net
 
$
7,028,192

 
$
6,383,939

 
Depreciation expense related to the Sabine Pass LNG terminal totaled $14.3 million for each of the three months ended March 31, 2014 and 2013.

In June 2012, we began capitalizing costs associated with Trains 1 and 2 of the Liquefaction Project, and in May 2013, we began capitalizing costs associated with Trains 3 and 4 of the Liquefaction Project. For the three months ended March 31, 2014 and 2013, we capitalized $78.8 million and $35.3 million, respectively, of interest expense related to the construction of the first four Trains of the Liquefaction Project.