Intangible assets, net

12 Months Ended

Dec. 31, 2019

Intangible assets, net [Abstract]

Intangible assets, net

13. Intangible assets, net

The following table summarizes the composition of intangible assets:

	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Life
Definite-lived intangible assets
Shannon LNG leases and permits	$	42,157	$	1,198	$	40,959		40
Easements		1,559		139		1,420		30
Indefinite-lived intangible assets
Easements		1,161		-		1,161		n/a
Total intangible assets	$	44,877	$	1,337	$	43,540

	December 31, 2018
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Life
Definite-lived intangible assets
Shannon LNG leases and permits	$	43,191	$	134	$	43,057		40
Total intangible assets	$	43,191	$	134	$	43,057

As of December 31, 2019, the weighted average remaining amortization periods for the intangible assets is 38.8 years.

Amortization for the years ended December 31, 2019 and 2018 totaled $1,114 and $134, respectively. The estimated aggregate amortization expense for each of the next five years is:

Year ending December 31:
2020	$	1,116
2021		1,116
2022		1,116
2023		1,116
2024		1,116
Thereafter		36,799
Total	$	42,379