en.Wedoany.com Reported - US company Caturus announced last Friday that it has made a Final Investment Decision (FID) on the Commonwealth LNG export terminal project located in Cameron Parish, Louisiana. The project has a planned annual capacity of 9.5 million tonnes, with a total investment of approximately $13 billion, supported by $9.75 billion in project financing and total capital commitments exceeding $21 billion.
The Commonwealth LNG terminal is expected to commence operations in 2030 and will be capable of loading LNG carriers with a capacity of up to 216,000 cubic meters. Long-term sale and purchase agreements have been signed with major global counterparties including EQT, Glencore, Mercuria, PETRONAS, and Aramco Trading.
Ben Dell, Managing Partner at Kimmeridge and Chairman of Commonwealth LNG, stated: "This moment is the culmination of years of strategic planning, strong partnerships, and a commitment to delivering an integrated 'wellhead-to-water' project." The terminal is central to Caturus's strategy of building a vertically integrated natural gas platform, spanning from upstream production to LNG exports. Following the recent acquisition of the Galvan Ranch assets from SM Energy, the company's daily production has exceeded 1 billion cubic feet equivalent.
Financing parties include existing investors Mubadala Energy and CPP Investments, as well as funds provided by BlackRock, Ares Management, and EOC Partners. Engineering and construction are being led by Technip Energies, which has already commenced procurement of major long-lead equipment. The terminal will utilize Baker Hughes LM9000 gas turbines, Honeywell cryogenic heat exchangers, and Solar Turbines power generation systems.
This FID comes as US LNG exports reached approximately 111 to 112 million metric tonnes in 2025, making it the first country to surpass 100 million metric tonnes in annual exports. Caturus stated that by directly overseeing natural gas exploration and production and possessing the liquefaction capacity to bring LNG to export markets, this pragmatic approach enables it to seize market opportunities amid intensifying geopolitical volatility in global energy shipping.
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