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)

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

As of March 31, 2021 and December 31, 2020, property, plant and equipment, net consisted of the following (in millions):



	March 31,		December 31,
	2021		2020
LNG terminal costs
LNG terminal and interconnecting pipeline facilities	$	30,560	$	27,475
LNG site and related costs	324		324
LNG terminal construction-in-process	2,511		5,378
Accumulated depreciation	(3,161)		(2,935)
Total LNG terminal costs, net	30,234		30,242
Fixed assets and other
Computer and office equipment	25		25
Furniture and fixtures	20		19
Computer software	119		117
Leasehold improvements	45		45
Land	59		59
Other	25		25
Accumulated depreciation	(170)		(164)
Total fixed assets and other, net	123		126
Assets under finance lease
Tug vessels	60		60
Accumulated depreciation	(8)		(7)
Total assets under finance lease, net	52		53
Property, plant and equipment, net	$	30,409	$	30,421

Schedule of Depreciation and Offsets to LNG Terminal Costs

The following table shows depreciation expense and offsets to LNG terminal costs during the three months ended March 31, 2021 and 2020 (in millions):


	Three Months Ended March 31,
		2021		2020
Depreciation expense		$	234	$	232
Offsets to LNG terminal costs (1)		191		—

(1) We recognize 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.