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Restricted Cash and Short Term Deposits | 6 Months Ended
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Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract] |
Restricted Cash and Short-Term Deposits | RESTRICTED CASH AND SHORT-TERM DEPOSITS Our restricted cash and short-term deposits balances are as follows:
(in thousands of $) | June 30, 2021 | December 31, 2020
Restricted cash in relation to the Hilli (1) | 60,721 |  | 77,212 |
Restricted cash and short-term deposits held by lessor VIEs (note 10) | 51,228 |  | 36,875 |
Restricted cash in relation to the LNG Croatia (2) | 11,329 |  | — |
Restricted cash relating to interest rate swaps (note 18) | 3,140 |  | 8,864 |
Restricted cash relating to the $1.125 billion debt facility | 2,551 |  | 2,615 |
Restricted cash related to Hygo performance guarantee(3) | 1,500 |  | — |
Restricted cash relating to office lease | 799 |  | 868 |
Restricted cash relating to disposal of LNG Croatia | — |  | 36,747 |
Total restricted cash and short-term deposits | 131,268 |  | 163,181 |
Less: Amounts included in current restricted cash and short-term deposits | (58,421) |  | (100,361) |
Long-term restricted cash | 72,847 |  | 62,820 |
(1) In November 2015, in connection with the issuance of a $400 million letter of credit ("LC") by a financial institution to our project partner involved in the Hilli, we posted an initial cash collateral of $305.0 million to support the performance guarantee. Under the provisions of the $400 million LC, the terms allow for a stepped reduction in the value of the guarantee over time and thus, a concurrent reduction in the cash collateral requirements. In May 2021, following the production of 3.6 million tonnes of LNG, the LC was reduced to $100.0 million and the cash collateral to $60.7 million. (2) In connection with Operation & Maintenance ("O&M") Agreement that we entered with LNG Hrvatska d.o.o. to operate and maintain the FSRU, LNG Croatia, we are required to hold a performance guarantee of $11.3 million, which will remain restricted throughout the 10 year O&M Agreement term. (3) In connection with the disposal of Hygo, we provided a $1.5 million performance guarantee to the senior lenders of CELSE to enable the lenders to waive their consent to a change of control and extend the technical completion date. The guarantee expires in January 2022.

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