Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Assets and Liabilities

The following table (in thousands) shows the fair value of our derivative instruments that are required to be measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014, which are classified as other current assets in our Consolidated Balance Sheets.



	Fair Value Measurements as of
	September 30, 2015								December 31, 2014
	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Natural Gas Derivatives asset	$	—	$	47	$	—	$	47	$	—	$	145	$	—	$	145

Fair Value of Derivative Instruments by Balance Sheet Location

The following table (in thousands) shows the fair value and location of our Natural Gas Derivatives on our Consolidated Balance Sheets:



		Fair Value Measurements as of
	Balance Sheet Location	September 30, 2015		December 31, 2014
Natural Gas Derivatives asset	Other current assets	$	47	$	145

Derivative Instruments, Gain (Loss)

The following table (in thousands) shows the changes in the fair value and settlements of our Natural Gas Derivatives recorded in operating and maintenance expense on our Consolidated Statements of Income during the three and nine months ended September 30, 2015 and 2014:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Natural Gas Derivatives gain	$	79	$	65	$	96	$	384

Derivative Net Presentation on Consolidated Balance Sheets

The following table (in thousands) shows the fair value of our Natural Gas Derivatives outstanding on a gross and net basis:



	Gross Amounts Recognized		Gross Amounts Offset in the Consolidated Balance Sheets			Net Amounts Presented in the Consolidated Balance Sheets
Offsetting Derivative Assets (Liabilities)	Gross Amounts Recognized		Gross Amounts Offset in the Consolidated Balance Sheets			Net Amounts Presented in the Consolidated Balance Sheets
As of September 30, 2015
Natural Gas Derivatives	$	53	$	(6	)	$	47
As of December 31, 2014
Natural Gas Derivatives	147		(2		)	145

Sabine Pass LNG, L.P. 10-Q