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Commonwealth LNG Approves $13 Billion Louisiana Export Project
The project has secured $9.75 billion in financing and expects to start operations by 2030, with long-term sales agreements already in place.
- On Friday, Abu Dhabi-based Mubadala Energy, Caturus, and Canada Pension Plan Investment Board confirmed the final investment decision for a $13 billion liquefied natural gas project in Cameron Parish, Louisiana.
- The development realizes Caturus' ambitions to build a leading integrated company, featuring a "wellhead-to-water" operation to deliver lower-emission fuel to global markets.
- Closing $9.75 billion in project financing, the facility will produce 9.5 million tonnes of liquefied gas annually, attracting $21.25 billion in total equity and debt commitments.
- Operations commence by 2030, delivering more than $3 billion in annual export revenue, with long-term agreements secured with EQT, Glencore, Mercuria, Petronas, and Aramco Trading.
- Since President Donald Trump lifted a ban on new export terminals nearly 16 months ago, this is the second ground-up LNG development to reach final investment decision amid tight global markets.
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Total News Sources20
Leaning Left1Leaning Right3Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
C 60%
R 30%
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