US energy company Caturus announced that it has taken a positive Final Investment Decision (FID) for its Commonwealth LNG project, alongside the successful completion of USD9.75bn in project financing for the construction of the 9.5 Mt/year LNG export terminal located in Cameron Parish, Louisiana (United States) (Caturus press release, 15/05/2026).
The company has secured long-term offtake agreements with a broad range of global energy and industrial partners, including EQT, Glencore, Mercuria, PETRONAS, and Aramco Trading in April 2026 (KEI, 13/04/2026). According to the company, the Phase 1 development is projected to generate more than USD3bn in annual export revenues once operations begin in 2030.
The project involves Abu Dhabi’s Mubadala Energy, the Canada Pension Plan Investment Board (CPP Investments), and US asset manager Kimmeridge.
Mubadala Energy owns a 24.1% stake in the Caturus platform, which includes both Commonwealth LNG and the company’s upstream assets According to the company’s press release, CPP Investments will provide USD1.2bn in financing and raise its ownership interest in the Caturus platform to 31%, including prior investments.
In January 2026, the project obtained a 20-year authorisation from the US Department of Energy (DOE) permitting LNG exports from the facility to countries without free trade agreements (non-FTA countries) with the United States (KEI, 14/01/2026).
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