XML 23 R11.htm IDEA: XBRL DOCUMENT

Investments and Long-Term Receivables	6 Months Ended
Investments and Long-Term Receivables	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Investments and Long-Term Receivables	Note 4—Investments and Long-Term Receivables APLNG In 2012, APLNG executed an $8.5 billion project finance facility that became non-recourse following financial completion in 2017. The facility is currently composed of a financing agreement with the Export-Import Bank of the United States, a commercial bank facility and two United States Private Placement note facilities. APLNG principal and interest payments commenced in March 2017 and are scheduled to occur bi-annually until September 2030. At June 30, 2023, a balance of $4.9 billion was outstanding on these facilities. See Note 8. At June 30, 2023, the carrying value of our equity method investment in APLNG was approximately $5.6 billion. PALNG In March 2023, we acquired a 30 percent direct equity investment in PALNG, a joint venture for the development of a large-scale LNG facility. At June 30, 2023, the carrying value of our equity method investment in PALNG was approximately $0.7 billion. See Note 3. Qatar Liquefied Gas Company Limited Our equity method investments in Qatar include the following: •Qatar Liquefied Gas Company Limited (3) (QG3)—30 percent owned joint venture with affiliates of QatarEnergy (68.5 percent) and Mitsui (1.5 percent)—produces and liquefies natural gas from Qatar’s North Field, as well as exports LNG. •Qatar Liquefied Gas Company Limited (8) (QG8)—25 percent owned joint venture with an affiliate of QatarEnergy (75 percent)—participant in the North Field East LNG project. •Qatar Liquefied Gas Company Limited (12) (QG12)—25 percent owned joint venture with an affiliate of QatarEnergy (75 percent)—participant in the NFS LNG project. See Note 3. At June 30, 2023, the carrying value of our Qatar equity method investments was approximately $1.1 billion.