Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.5.0.2
Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2016
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):
 
 
June 30,
 
December 31,
 
 
2016
 
2015
LNG terminal costs
 
 
 
 
LNG terminal
 
$
5,447,566

 
$
2,478,036

LNG terminal construction-in-process
 
8,224,575

 
9,859,836

LNG site and related costs, net
 
131

 
135

Accumulated depreciation
 
(454,967
)
 
(411,907
)
Total LNG terminal costs, net
 
13,217,305

 
11,926,100

Fixed assets
 
 

 
 

Computer and office equipment
 
1,451

 
1,126

Furniture and fixtures
 
1,667

 
1,375

Computer software
 
4,457

 
4,238

Machinery and equipment
 
1,938

 
1,906

Vehicles
 
2,748

 
2,081

Other
 
95

 
93

Accumulated depreciation
 
(6,470
)
 
(5,317
)
Total fixed assets, net
 
5,886

 
5,502

Property, plant and equipment, net
 
$
13,223,191

 
$
11,931,602

 

During the three and six months ended June 30, 2016, we realized offsets to LNG terminal costs of $128.1 million and $142.3 million, respectively, that were related to the sale of commissioning cargoes because these amounts were earned prior to the start of commercial operations, during the testing phase for the construction of Train 1 of the Liquefaction Project.