Annual report pursuant to Section 13 and 15(d)

Leases Leases (Tables)

v2.4.0.6
Leases Leases (Tables)
 12 Months Ended
Dec. 31, 2012
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases
The following is a schedule by years of future minimum rental payments, excluding inflationary adjustments, required as of December 31, 2012 under the land leases and tug boat lease described below (in thousands):
Year ending December 31,
 
Lease Payments (2)
2013
 
$
9,625

2014
 
9,625

2015
 
9,604

2016
 
9,577

2017
 
9,462

Later years (1)
 
231,884

Total minimum payments required
 
$
279,777

 
(1)
Includes certain lease option renewals as they are reasonably assured.
(2)
Lease payments for Sabine Pass LNG’s tug boat lease represent its lease payment obligation and do not take into account the $112.8 million of sublease payments Sabine Pass LNG will receive from its three TUA customers that effectively offset these lease payment obligations, as discussed below.
  
La