v3.26.1
Property, plant and equipment, net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, plant and equipment, net
13. Property, plant and equipment, net
As of June 30, 2026 and December 31, 2025, the Company’s property, plant and equipment, net consisted of the following:
June 30, 2026December 31, 2025
LNG liquefaction facilities$3,268,547 $3,264,547 
Vessels1,113,503 974,105 
Terminal and power plant equipment789,200 480,244 
Gas pipelines291,355 291,355 
Power facilities166,256 159,390 
ISO containers and other equipment40,695 35,750 
Land55,629 56,724 
Leasehold improvements38,239 39,346 
Accumulated depreciation(510,256)(408,724)
Total property, plant and equipment, net$5,253,168 $4,892,737 
Depreciation expense for the three months ended June 30, 2026 and 2025 totaled $53,241 and $56,431, respectively, of which $10,852 and $8,314, respectively, is included within Cost of sales in the Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income. Depreciation expense for the six months ended June 30, 2026 and 2025
totaled $101,506 and $119,301, respectively, of which $21,195 and $18,715, respectively, is included within Cost of sales in the Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income.
On March 8, 2026, the Company entered into a restructuring support agreement with Energos, which was further amended on March 17, 2026 (“Energos RSA”). The Energos RSA, among other things, cancels and terminates the Company's forward starting charter agreement for Nusantara Regas Satu. The Energos RSA will become effective upon completion of the Restructuring Transaction. This transaction will result in the sale of Nusantara Regas Satu that has been accounted for as a failed sale leaseback. Upon closing of the transaction, we expect to derecognize Nusantara Regas Satu from Property, plant and equipment, net, derecognize the related financing obligation, and recognize a non-cash loss of approximately $40,000 as the carrying amount of the vessel exceeds the financing obligation balance.