Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.3.1.900
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2015
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):
 
 
December 31,
 
 
2015
 
2014
LNG terminal costs
 
 
 
 
LNG terminal
 
$
2,478,036

 
$
2,240,233

LNG terminal construction-in-process
 
9,859,836

 
7,082,732

LNG site and related costs, net
 
135

 
141

Accumulated depreciation
 
(411,907
)
 
(348,907
)
Total LNG terminal costs, net
 
11,926,100

 
8,974,199

Fixed assets
 
 

 
 

Computer and office equipment
 
1,126

 
1,105

Furniture and fixtures
 
1,375

 
1,375

Computer software
 
4,238

 
2,411

Vehicles
 
2,081

 
1,507

Machinery and equipment
 
1,906

 
1,508

Other
 
93

 
94

Accumulated depreciation
 
(5,317
)
 
(3,843
)
Total fixed assets, net
 
5,502

 
4,157

Property, plant and equipment, net
 
$
11,931,602

 
$
8,978,356

 
 
LNG Terminal Costs

The Sabine Pass LNG terminal is depreciated using the straight-line depreciation method applied to groups of LNG terminal assets with varying 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
Other
 
15-30


Fixed Assets

Our fixed assets and other are recorded at cost and are depreciated on a straight-line method based on estimated lives of the individual assets or groups of assets.