Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Notes)

v2.4.0.8
Property, Plant and Equipment (Notes)
 3 Months Ended
Mar. 31, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
PROPERTY, PLANT AND EQUIPMENT
 
Property, plant and equipment consists of LNG terminal costs and fixed assets and other, as follows (in thousands):
 
March 31,
 
December 31,
 
2014
 
2013
LNG terminal costs
 
 
 
LNG terminal
$
2,241,880

 
$
2,234,796

LNG terminal construction-in-process
5,141,488

 
4,489,668

LNG site and related costs, net
6,509

 
6,511

Accumulated depreciation
(306,802
)
 
(292,434
)
Total LNG terminal costs, net
7,083,075

 
6,438,541

 
 
 
 
Fixed assets and other
 

 
 

Computer and office equipment
3,327

 
8,115

Furniture and fixtures
4,322

 
4,319

Computer software
10,955

 
13,504

Leasehold improvements
7,314

 
7,303

Other
49,411

 
15,388

Accumulated depreciation
(26,363
)
 
(32,771
)
Total fixed assets, net
48,966

 
15,858

Property, plant and equipment, net
$
7,132,041

 
$
6,454,399


 
LNG Terminal Costs
 
Depreciation expense related to the Sabine Pass LNG terminal totaled $14.4 million and $14.3 million for the three months ended March 31, 2014 and 2013, respectively.

In June 2012, we began capitalizing costs associated with Trains 1 and 2 of the Sabine Pass Liquefaction Project, and in May 2013, we began capitalizing costs associated with Trains 3 and 4 of the Sabine Pass Liquefaction Project. For the three months ended March 31, 2014 and 2013, we capitalized $78.8 million and $35.3 million, respectively, of interest expense related to the construction of Trains 1 through 4 of the Sabine Pass Liquefaction Project.

Fixed Assets and Other

Depreciation expense related to our fixed assets and other totaled $1.3 million and $0.8 million for the three months ended March 31, 2014 and 2013, respectively.