Quarterly report pursuant to Section 13 or 15(d)

Revenues from Contracts with Customers - Schedule of Disaggregation of Revenue (Details)

v3.21.2
Revenues from Contracts with Customers - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Disaggregation of Revenue [Line Items]        
Revenues from contracts with customers $ 3,388 $ 2,424 $ 6,514 $ 4,917
Net derivative gains (losses) [1] (384) (45) (424) 119
Other revenues [2] 13 23 17 75
Total revenues 3,017 2,402 6,107 5,111
LNG [Member]        
Disaggregation of Revenue [Line Items]        
Revenues from contracts with customers [3] 3,297 2,340 6,336 4,744
Total revenues 2,913 2,295 5,912 4,863
Suspension Fees and LNG Cover Damages Revenue [Member]        
Disaggregation of Revenue [Line Items]        
Revenues from contracts with customers 0 708 0 761
Suspension Fees and LNG Cover Damages Revenue [Member] | Subsequent Period        
Disaggregation of Revenue [Line Items]        
Revenues from contracts with customers   458   458
Suspension Fees and LNG Cover Damages Revenue [Member] | Current Period        
Disaggregation of Revenue [Line Items]        
Revenues from contracts with customers   53 38  
Regasification [Member]        
Disaggregation of Revenue [Line Items]        
Revenues from contracts with customers 67 68 134 135
Other [Member]        
Disaggregation of Revenue [Line Items]        
Revenues from contracts with customers 24 16 44 38
Total revenues $ 37 $ 39 $ 61 $ 113
[1] See Note 6—Derivative Instruments for additional information about our derivatives.
[2] Includes revenues from LNG vessel subcharters. See Note 11—Leases for additional information about our subleases.
[3] LNG revenues include revenues for LNG cargoes in which our customers exercised their contractual right to not take delivery but remained obligated to pay fixed fees irrespective of such election. During the three and six months ended June 30, 2020, we recognized $708 million and $761 million, respectively, in LNG revenues associated with LNG cargoes for which customers notified us that they would not take delivery, of which $458 million would have been recognized subsequent to June 30, 2020 had the cargoes been lifted pursuant to the delivery schedules with the customers. LNG revenues during the three months ended June 30, 2020 and six months ended June 30, 2021 excluded $53 million and $38 million, respectively, that would have otherwise been recognized during the quarter if the cargoes were lifted pursuant to the delivery schedules with the customers. We did not have revenues associated with LNG cargoes for which customers notified us that they would not take delivery during the three and six months ended June 30, 2021. Revenue is generally recognized upon receipt of irrevocable notice that a customer will not take delivery because our customers have no contractual right to take delivery of such LNG cargo in future periods and our performance obligations with respect to such LNG cargo have been satisfied.