Intangible assets

6 Months Ended

Jun. 30, 2019

Intangible assets [Abstract]

Intangible assets

11. Intangible assets

On November 9, 2018, the Company entered into an agreement to acquire the entire issued share capital of Shannon LNG Limited and Shannon LNG Energy Limited (together, “Shannon LNG”). Shannon LNG was previously formed to construct and operate a terminal, pipeline and related infrastructure in order to deliver natural gas to downstream customers in Ireland. In connection with the acquisition, the Company recognized intangible assets related to favorable lease agreements and permits.

The following table summarizes the composition of intangible assets as of June 30, 2019 and December 31, 2018:

	June 30, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Useful Life
Shannon LNG leases and permits	$	42,685	$	677	$	42,008	40 to 91
Total intangible assets	$	42,685	$	677	$	42,008

	December 31, 2018
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Useful Life
Shannon LNG leases and permits	$	43,191	$	134	$	43,057	40 to 91
Total intangible assets	$	43,191	$	134	$	43,057

As of June 30, 2019, the weighted-average remaining amortization periods for the intangible assets is 39.63 years. Amortization for the three and six months ended June 30, 2019 totaled $274 and $543, respectively.