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 and other, as follows (in thousands):
 
December 31,
 
2015
 
2014
LNG terminal costs
 
 
 
LNG terminal
$
2,509,646

 
$
2,269,429

LNG terminal construction-in-process
13,877,209

 
7,155,046

LNG site and related costs, net
33,512

 
9,395

Accumulated depreciation
(414,731
)
 
(350,497
)
Total LNG terminal costs, net
16,005,636

 
9,083,373

Fixed assets and other
 

 
 

Computer and office equipment
12,153

 
7,464

Furniture and fixtures
17,101

 
10,733

Computer software
69,569

 
46,882

Leasehold improvements
40,136

 
36,067

Land
60,984

 
55,522

Other
79,642

 
36,881

Accumulated depreciation
(91,314
)
 
(30,169
)
Total fixed assets and other, net
188,271

 
163,380

Property, plant and equipment, net
$
16,193,907

 
$
9,246,753


 
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 and Other

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.