Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment (Tables)

v2.4.0.6
Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2011
Property, Plant and Equipment [Abstract]  
Schedule of capitalized terminal, natural gas pipeline, LNG site and related costs
Property, plant and equipment consists of LNG terminal and natural gas pipeline costs, LNG site and related costs, investments in oil and gas properties, and fixed assets, as follows (in thousands):
 
December 31,
 
2011
 
2010
LNG terminal costs
 
 
 
LNG terminal
$
1,647,107

 
$
1,638,811

LNG terminal construction-in-process
39,010

 
39,393

LNG site and related costs, net
4,982

 
3,362

Accumulated depreciation
(125,108
)
 
(82,246
)
Total LNG terminal costs, net
$
1,565,991

 
$
1,599,320

 
 
 
 
Natural gas pipeline costs
 

 
 

Natural gas pipeline
$
564,021

 
$
563,715

Natural gas pipeline construction-in-process
2,427

 
2,484

Pipeline right-of-ways
18,455

 
18,455

Accumulated depreciation
(52,878
)
 
(37,939
)
Total natural gas pipeline costs
$
532,025

 
$
546,714

 
 
 
 
Oil and gas properties, successful efforts method
 

 
 

Proved
$
4,170

 
$
3,872

Accumulated depreciation, depletion and amortization
(3,033
)
 
(2,604
)
Total oil and gas properties, net
$
1,137

 
$
1,268

 
 
 
 
Fixed assets
 

 
 

Computer and office equipment
$
5,952

 
$
5,472

Furniture and fixtures
4,057

 
4,509

Computer software
12,601

 
12,526

Leasehold improvements
7,318

 
7,318

Other
1,892

 
1,453

Accumulated depreciation
(23,844
)
 
(20,983
)
Total fixed assets, net
$
7,976

 
$
10,295

Property, plant and equipment, net
$
2,107,129

 
$
2,157,597

Property, Plant and Equipment [Table Text Block]
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

Marine berth, electrical, facility and roads
 
35

Regasification processing equipment (recondensers, vaporization, and vents)
 
30

Sendout pumps
 
20

Other
 
15-30