Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment, Net of Accumulated Depreciation

v3.25.3
Property, Plant and Equipment, Net of Accumulated Depreciation
 9 Months Ended
Sep. 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):
September 30, December 31,
2025 2024
LNG terminal    
Terminal and interconnecting pipeline facilities $ 20,452  $ 20,292 
Construction-in-process 210  227 
Accumulated depreciation (5,332) (4,835)
Total LNG terminal, net of accumulated depreciation 15,330  15,684 
Fixed assets  
Fixed assets 31  30 
Accumulated depreciation (25) (24)
Total fixed assets, net of accumulated depreciation 6  6 
Assets under finance leases
Tug vessels 75  75 
Accumulated depreciation (12) (5)
Total assets under finance leases, net of accumulated depreciation 63  70 
Property, plant and equipment, net of accumulated depreciation $ 15,399  $ 15,760 

Depreciation expense was $172 million and $169 million during the three months ended September 30, 2025 and 2024, respectively, and $511 million and $505 million during the nine months ended September 30, 2025 and 2024, respectively.