Mubadala Energy backs $13B LNG project on US Gulf Coast

Mubadala Energy backs $13B LNG project on US Gulf Coast

Mubadala Energy backed a $13 billion liquefied natural gas export project on the US Gulf Coast, the latest sign of growing Arab Gulf interest in America’s energy industry. The LNG project in Cameron Parish, Louisiana, is expected to produce 9.5 million tons of LNG a year when it starts commercial operations in 2030.Global energy demand is projected to rise more than 50% by 2040, driven by economic growth in Asia and power-hungry AI infrastructur…

U.S. energy secretary, Gov. Landry rally for LNG in Cameron Parish

Federal and state officials visited southwest Louisiana on Friday, following a final investment decision on a long-delayed liquefied natural gas export terminal in Cameron Parish.  The Department of Energy has hailed the “American energy dominance achieved under President Trump’s leadership.” But environmental groups warn the project could damage coastal fisheries and increase energy costs for locals. The $13 billion Commonwealth LNG project is …

Caturus approves Commonwealth LNG export facility in Louisiana

Houston-based Caturus LLC announced on May 15 that it has made a positive Final Investment Decision (FID) for its Commonwealth LNG project, which includes successful closing of $9.75 billion in project financing for construction of the 9.5 million tonnes per annum (Mtpa) liquefied natural gas (LNG) export facility in Cameron Parish, La.  FID marks the start of full construction and advances one of the most cost-competitive and efficient LNG proj…