$13 Billion Commonwealth LNG Project Gets Green Light in Louisiana

Caturus announced Friday it has reached final investment decision (FID) on the long-delayed 9.5 million tonnes per annum (mtpa) Commonwealth LNG export terminal in Cameron Parish, Louisiana, backed by $9.75 billion in project financing and more than $21 billion in total capital commitments.

The roughly $13 billion project marks one of the largest U.S. LNG export developments approved this year and further cements America’s position as the world’s dominant LNG supplier.

The Commonwealth facility is expected to begin operations in 2030 and will have the capability to load LNG carriers up to 216,000 cubic meters. Long-term offtake agreements have