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Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location The following table presents the location and fair value of the Call Options at June 30, 2022 and December 31, 2021 (in thousands):
Location on Condensed Consolidated Balance Sheet
June 30,
2022(1)
December 31,
2021(2)
Prepaid expenses and other current assets (3)
$627 $— 
Right-of-use assets and other noncurrent assets (3)
499 — 
$1,126 $— 
_______________
(1)    Amounts are presented on a gross basis.
(2)    The Company did not have any derivative instruments at December 31, 2021.
(3)    The classification between current and noncurrent assets is based upon when the Call Options mature.
Derivative Instruments, Gain (Loss) The table below presents the changes in the fair value of the Call Options for the three and six months ended June 30, 2022 as well as their net realized gains and losses.
Three Months Ended
June 30,
Six Months Ended
June 30,
Changes in fair value of derivatives2022
2021(1)
2022
2021(1)
Fair value of natural gas derivatives, beginning of period$— $— $— $— 
Purchases of natural gas derivatives (2)
2,241 — 2,241 — 
Unrealized gains (losses) transferred to realized gains (losses), net (2)
(216)— (216)— 
Change in unrealized loss on natural gas derivatives (3)
(899)— (899)— 
Fair value of natural gas derivatives, end of period$1,126 $— $1,126 $— 
Three Months Ended
June 30,
Six Months Ended
June 30,
Realized gain (loss) from derivative instruments2022
2021(1)
2022
2021(1)
Unrealized gains (losses) transferred to realized gains (losses), net (2)
$(216)$— $(216)$— 
Derivative payments received (2)
380 — 380 — 
Realized gain (loss) from natural gas derivatives, net (4)
$164 $— $164 $— 
_______________
(1)    The Company did not have any derivative instruments at December 31, 2021.
(2)    Amount is presented within the Company's Condensed Consolidated Statement of Cash Flows within changes in prepaid expenses and other current assets and other.
(3)    Amounts are presented as its own separate line item within the the Company's Condensed Consolidated Statement of Operations and Condensed Consolidated Statement of Cash Flows.
(4)    Amounts are included within cost of LNG product on the Company's Condensed Consolidated Statement of Operations.
Schedule of Derivative Assets at Fair Value The table below presents the changes in the fair value of the Call Options for the three and six months ended June 30, 2022 as well as their net realized gains and losses.
Three Months Ended
June 30,
Six Months Ended
June 30,
Changes in fair value of derivatives2022
2021(1)
2022
2021(1)
Fair value of natural gas derivatives, beginning of period$— $— $— $— 
Purchases of natural gas derivatives (2)
2,241 — 2,241 — 
Unrealized gains (losses) transferred to realized gains (losses), net (2)
(216)— (216)— 
Change in unrealized loss on natural gas derivatives (3)
(899)— (899)— 
Fair value of natural gas derivatives, end of period$1,126 $— $1,126 $— 
Three Months Ended
June 30,
Six Months Ended
June 30,
Realized gain (loss) from derivative instruments2022
2021(1)
2022
2021(1)
Unrealized gains (losses) transferred to realized gains (losses), net (2)
$(216)$— $(216)$— 
Derivative payments received (2)
380 — 380 — 
Realized gain (loss) from natural gas derivatives, net (4)
$164 $— $164 $— 
_______________
(1)    The Company did not have any derivative instruments at December 31, 2021.
(2)    Amount is presented within the Company's Condensed Consolidated Statement of Cash Flows within changes in prepaid expenses and other current assets and other.
(3)    Amounts are presented as its own separate line item within the the Company's Condensed Consolidated Statement of Operations and Condensed Consolidated Statement of Cash Flows.
(4)    Amounts are included within cost of LNG product on the Company's Condensed Consolidated Statement of Operations.