US energy company Caturus has announced that its Commonwealth LNG project has finalised customer offtake agreements to support the financing of its LNG facility in Cameron Parish, Louisiana (United States). "With commercialisation completed, the launch of the financing process with lenders is set to begin as the company advances the project toward a Final Investment Decision (FID) expected in the coming weeks" (Caturus press release, 07/04/2026).
EQT LNG Trading, Glencore, Mercuria, PETRONAS LNG, and Aramco Trading Americas have each entered into long-term Sale and Purchase Agreements with Commonwealth LNG for offtake from the facility.
- Commonwealth LNG is a gas liquefaction and export facility with a capacity of 9.5 Mt/year.
- The project is expected to begin operations in 2030, with site preparation already underway to enable early construction works.
- Commonwealth LNG has now sold 8 Mt/year of its planned 9.5 Mt/year capacity and continues to seek long-term buyers, although it has previously stated that it intends to retain approximately 1 Mt/year for trading (Reuters, 09/04/2026).
In January 2026, Commonwealth LNG received a 20-year authorisation from the US Department of Energy (DOE) to export LNG from its facility to countries that do not have free trade agreements (non-FTA countries) with the United States (KEI, 14/01/2026).
“In addition to progress made on the Commonwealth LNG project, Caturus expects to close its transaction announced in February for the acquisition of SM Energy Company’s Galvan Ranch assets in the near term. The acquisition includes approximately 60,000 net acres in South Texas and around 250 MMcfe/d (2.6 bcm/year) of production from 260 producing wells. With the addition of these assets, Caturus expects to produce approximately 1 bcfe/d (10.3 bcm/year) net and rank among the top 10 private U.S. gas pure-play producers,” according to the company’s press release.