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The US’ Commonwealth signs SPA with major Asian buyer for 1 Mt/year of LNG

The US group Commonwealth LNG has signed a Sale and Purchase Agreement (SPA) with a major Asian energy company, which will purchase 1 Mt/year of LNG from Commonwealth's 9.5 Mt/year LNG facility currently under development in Cameron Parish, Louisiana (United States), for a period of 20 years. Commonwealth LNG did not disclose the name of the buying company. However, in late April 2025, Reuters reported the Malaysia’s Petronas was in talks with Commonwealth for LNG supply.

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.