Cheniere Energy Partners, L.P. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

Property, Plant and Equipment

3 Months Ended

Mar. 31, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Property, Plant and Equipment

Property, plant and equipment consists of liquefied natural gas ("LNG") terminal costs and fixed assets, as follows (in thousands):



	March 31,			December 31,
	2012			2011
LNG terminal costs
LNG terminal	$	1,638,198		$	1,637,724
LNG terminal construction-in-process	698			286
LNG site and related costs, net	161			163
Accumulated depreciation	(134,916		)	(124,409		)
Total LNG terminal costs, net	1,504,141			1,513,764

Fixed assets
Computers and office equipment	255			227
Vehicles	496			416
Machinery and equipment	1,387			1,068
Other	631			916
Accumulated depreciation	(2,097		)	(1,975		)
Total fixed assets, net	672			652
Property, plant and equipment, net	$	1,504,813		$	1,514,416

Depreciation expense related to the Sabine Pass LNG terminal totaled $10.5 million and $10.7 million for the three months ended March 31, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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