Petronas LNG, a subsidiary of the Malaysian oil and gas company Petronas, has signed a 20-year LNG Sale and Purchase Agreement (SPA) with the US company Commonwealth LNG, under which Petronas will purchase 1 Mt/year of LNG from Commonwealth’s 9.5 Mt/year facility, currently under development in Cameron Parish, Louisiana (United States). Petronas said this deal marks a key milestone in its strategy to diversify its LNG portfolio through long-term supply from the United States.
In February 2025, the US government granted a conditional non-free trade agreement (non-FTA) export authorization for the Commonwealth LNG project. It was the first US LNG project to secure an export authorisation for non-free trade agreement (FTA) countries since the freeze on LNG export permit approvals was lifted.
Commonwealth anticipates reaching a final investment decision (FID) in September 2025, with first LNG production scheduled for 2029.