Cheniere Energy, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

Leases (Tables)

12 Months Ended

Dec. 31, 2011

Operating Leases of Lessee Disclosure [Table Text Block]

Future annual minimum lease payments, excluding inflationary adjustments, are as follows (in thousands):



Years Ending December 31,	Operating Leases (2) (3)
2012	$	14,046
2013	14,242
2014	13,188
2015	12,764
2016	12,837
Thereafter (1)	260,195
Total	$	327,272


(1)	Includes certain lease option renewals as they were reasonably assured.


(2)	Future annual minimum lease payments do not include $3.4 million expected to be recovered through sublease agreements for our office leases in Houston, Texas.


(3)	Lease payments for our tug boat lease represent third-party tug boat lease payment obligations and do not take into account the payments we receive from our third-party TUA customers that effectively offset $80.2 million, or two-thirds of our lease payment obligations, as discussed below.

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

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