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

Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment (Tables)

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2012

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,, investments in oil and gas properties, and fixed assets, as follows (in thousands):



	December 31,
	2012			2011
LNG terminal costs
LNG terminal	$	1,651,106		$	1,647,107
LNG terminal construction-in-process	1,267,371			39,010
LNG site and related costs, net	5,398			4,982
Accumulated depreciation	(167,472		)	(125,108		)
Total LNG terminal costs, net	$	2,756,403		$	1,565,991

Natural gas pipeline costs
Natural gas pipeline	$	564,034		$	564,021
Natural gas pipeline construction-in-process	2,427			2,427
Pipeline right-of-ways	18,455			18,455
Accumulated depreciation	(67,803		)	(52,878		)
Total natural gas pipeline costs, net	$	517,113		$	532,025

Oil and gas properties, successful efforts method
Proved	$	3,917		$	4,170
Accumulated depreciation, depletion and amortization	(3,209		)	(3,033		)
Total oil and gas properties, net	$	708		$	1,137

Fixed assets
Computer and office equipment	$	7,014		$	5,952
Furniture and fixtures	4,057			4,057
Computer software	13,012			12,601
Leasehold improvements	6,989			7,318
Other	2,927			1,892
Accumulated depreciation	(25,918		)	(23,844		)
Total fixed assets, net	$	8,081		$	7,976
Property, plant and equipment, net	$	3,282,305		$	2,107,129

Schedule of Estimated Useful Lives of Identifiable Components of Sabine Pass LNG Terminal

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

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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