On Friday, Caturus announced that it has officially made the final investment decision (FID) for the long-awaited Commonwealth LNG export terminal in Cameron Parish, Louisiana. The project, which will be able to export...
On Friday, Caturus announced that it has officially made the final investment decision (FID) for the long-awaited Commonwealth LNG export terminal in Cameron Parish, Louisiana. The project, which will be able to export 9.5 million tonnes per annum (mtpa), is backed by $9.75 billion in financing and more than $21 billion in total capital commitments.
This approximately $13 billion project is one of the largest U.S. LNG export developments approved this year, further solidifying America’s dominance in the global LNG market.
The Commonwealth facility is set to start operations in 2030 and will be capable of loading LNG carriers that hold up to 216,000 cubic meters. The company has already secured long-term contracts with major global partners like EQT, Glencore, Mercuria, PETRONAS, and Aramco Trading.
According to Ben Dell, managing partner of Kimmeridge and chairman of Commonwealth LNG, “This landmark occasion … is the culmination of years of strategic planning, strong partnerships, and a commitment to delivering a fully integrated ‘wellhead-to-water’ project.”
This project is vital to Caturus' plan of creating a complete gas platform that includes everything from production to LNG exports. The company now produces over 1 billion cubic feet equivalent per day after recently acquiring Galvan Ranch assets from SM Energy.
The financing team includes current investors Mubadala Energy and CPP Investments, along with new funds from BlackRock, Ares Management, and EOC Partners.
The engineering and construction will be managed by Technip Energies, which has already started sourcing major long-lead equipment. The terminal will use advanced technologies, featuring Baker Hughes LM9000 gas turbines, Honeywell cryogenic heat exchangers, and Solar Turbines for power generation.
The FID comes at a time when U.S. LNG projects are rapidly expanding. In 2025, the United States exported around 111–112 million metric tons of LNG, making it the first nation to surpass 100 million metric tons annually, reinforcing its lead over Qatar and Australia in global LNG exports.
This recent investment also shows strong confidence in the long-term demand for LNG, even though geopolitical tensions are affecting global energy shipping routes, particularly with ongoing issues in the Strait of Hormuz and the Suez Canal.
“This practical approach allows the company to have direct oversight and accountability for the exploration and production of natural gas, as well as liquefaction capabilities for LNG exports,” the company added.