Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment (Tables)

v2.4.1.9
Property, Plant and Equipment (Tables)
 12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Property, plant and equipment consists of LNG terminal costs and fixed assets and other, as follows (in thousands):
 
December 31,
 
2014
 
2013
LNG terminal costs
 
 
 
LNG terminal
$
2,269,429

 
$
2,234,796

LNG terminal construction-in-process
7,155,046

 
4,489,668

LNG site and related costs, net
9,395

 
6,511

Accumulated depreciation
(350,497
)
 
(292,434
)
Total LNG terminal costs, net
9,083,373

 
6,438,541

Fixed assets and other
 

 
 

Computer and office equipment
5,111

 
8,115

Furniture and fixtures
5,531

 
4,319

Computer software
46,882

 
13,504

Leasehold improvements
43,622

 
7,303

Land and other
92,403

 
15,388

Accumulated depreciation
(30,169
)
 
(32,771
)
Total fixed assets and other, net
163,380

 
15,858

Property, plant and equipment, net
$
9,246,753

 
$
6,454,399

Property, Plant and Equipment Estimated Useful Lives Table
The Sabine Pass LNG terminal is depreciated using the straight-line depreciation method applied to groups of LNG terminal assets with varying useful lives. 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
Natural gas pipeline facilities
 
40
Marine berth, electrical, facility and roads
 
35
Regasification processing equipment (recondensers, vaporization and vents)
 
30
Sendout pumps
 
20
Other
 
15-30