Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment, Net of Accumulated Depreciation

v3.25.2
Property, Plant and Equipment, Net of Accumulated Depreciation
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net of Accumulated Depreciation PROPERTY, PLANT AND EQUIPMENT, NET OF ACCUMULATED DEPRECIATION
 
Property, plant and equipment, net of accumulated depreciation consisted of the following (in millions):
June 30, December 31,
2025 2024
LNG terminal    
Terminal and interconnecting pipeline facilities $ 20,442  $ 20,292 
Construction-in-process 196  227 
Accumulated depreciation (5,169) (4,835)
Total LNG terminal, net of accumulated depreciation 15,469  15,684 
Fixed assets  
Fixed assets 29  30 
Accumulated depreciation (24) (24)
Total fixed assets, net of accumulated depreciation 5  6 
Assets under finance leases
Tug vessels 75  75 
Accumulated depreciation (9) (5)
Total assets under finance leases, net of accumulated depreciation 66  70 
Property, plant and equipment, net of accumulated depreciation $ 15,540  $ 15,760 

Depreciation expense was $170 million and $169 million during the three months ended June 30, 2025 and 2024, respectively, and $340 million and $336 million during the six months ended June 30, 2025 and 2024, respectively.