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Restricted Cash and Short-Term Deposits (Tables) | 9 Months Ended
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Sep. 30, 2021
Supplemental Cash Flow Elements [Abstract] |
Restrictions on Cash and Cash Equivalents | Our restricted cash and short-term deposits balances are as follows:
(in thousands of $) | September 30, 2021 | December 31, 2020
Restricted cash in relation to the Hilli (1) | 60,720 |  | 77,212 |
Restricted cash and short-term deposits held by lessor VIEs (note 10) | 65,105 |  | 36,875 |
Restricted cash in relation to the LNG Croatia (2) | 11,328 |  | — |
Restricted cash relating to interest rate swaps (note 18) | 2,841 |  | 8,864 |
Restricted cash relating to the $1.125 billion debt facility | 2,200 |  | 2,615 |
Restricted cash related to Hygo performance guarantee (3) | 1,500 |  | — |
Restricted cash relating to office lease | 786 |  | 868 |
Restricted cash relating to disposal of LNG Croatia | — |  | 36,747 |
Total restricted cash and short-term deposits | 144,480 |  | 163,181 |
Less: Amounts included in current restricted cash and short-term deposits | (71,647) |  | (100,361) |
Long-term restricted cash | 72,833 |  | 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 €9.3 million and $1.3 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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