Caturus LLC has announced a positive Final Investment Decision (FID) for its Commonwealth LNG export facility in Cameron Parish, Louisiana, unlocking full construction of one of the most cost‑competitive LNG projects in the United States. The $13 billion project is backed by $9.75 billion in newly closed financing and total capital commitments exceeding $21.25 billion. Once operational in 2030, the facility will deliver 9.5 million tonnes per annum of LNG capacity.
Located on the Calcasieu Ship Channel, the facility will feature five large storage tanks and accommodate LNG carriers of up to 216,000 cubic meters. Gas supply will be secured through a dedicated pipeline connected to major systems. Construction is already underway, with a modularized engineering approach by Technip Energies designed to enhance safety, reduce on‑site labor, and control costs. Key equipment includes compressors, cryogenic heat exchangers, and turbine‑generators from leading suppliers.
The project is strongly backed by investors including Kimmeridge, Mubadala Energy, CPP Investments, and funds managed by BlackRock and Ares. Long‑term offtake agreements have been secured with major buyers such as EQT, Glencore, Mercuria, PETRONAS, and Aramco Trading. Phase 1 alone is expected to generate over $3 billion in annual export revenue once operations begin.
Commonwealth LNG represents a significant investment opportunity within the U.S. LNG sector. Caturus’ integrated upstream‑to‑export model leverages its natural gas production base of over 1 Bcfe/d across 280,000 acres in Texas, de‑risking supply and margins. The project will contribute meaningfully to U.S. LNG export capacity, which is forecast to expand from 18.3 Bcf/d in 2026 to nearly 28.7 Bcf/d by 2029. Commonwealth LNG’s 9.5 Mtpa capacity will add about 1.25 Bcf/d when it comes online in 2030.
The project also underscores Louisiana’s growing role in the energy sector, pushing announced private capital investment past $100 billion since 2024. It is expected to deliver substantial local economic benefits, including job creation, tax revenue, and long‑term contributions to U.S. energy leadership.
Project leaders emphasized the milestone as the culmination of years of planning and partnerships. Ben Dell of Kimmeridge described it as a landmark occasion, while Mubadala Energy’s Mansoor Mohamed Al Hamed highlighted the expansion of exposure across the gas value chain. Caturus CEO David Lawler noted that accelerating global gas demand positions the company as a differentiated leader in the LNG industry.
