Cheniere Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

As of September 30, 2020 and December 31, 2019, property, plant and equipment, net consisted of the following (in millions):



	September 30,		December 31,
	2020		2019
LNG terminal costs
LNG terminal and interconnecting pipeline facilities	$	27,435	$	27,305
LNG site and related costs	324		322
LNG terminal construction-in-process	4,977		3,903
Accumulated depreciation	(2,716)		(2,049)
Total LNG terminal costs, net	30,020		29,481
Fixed assets and other
Computer and office equipment	25		23
Furniture and fixtures	19		22
Computer software	115		110
Leasehold improvements	47		42
Land	59		59
Other	24		21
Accumulated depreciation	(162)		(141)
Total fixed assets and other, net	127		136
Assets under finance lease
Tug vessels	60		60
Accumulated depreciation	(6)		(4)
Total assets under finance lease, net	54		56
Property, plant and equipment, net	$	30,201	$	29,673

Schedule of Depreciation and Offsets to LNG Terminal Costs

The following table shows depreciation expense and offsets to LNG terminal costs during the three and nine months ended September 30, 2020 and 2019 (in millions):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Depreciation expense	$	231	$	211	$	694	$	557
Offsets to LNG terminal costs (1)	—		99		—		301

(1) We realize offsets to LNG terminal costs related to the sale of commissioning cargoes because these amounts were earned or loaded prior to the start of commercial operations of the respective Trains of the Liquefaction Projects during the testing phase for its construction.