Caturus has announced it has made a positive final investment decision (FID) for its Commonwealth LNG project that includes successful closing of $9.75 billion in project financing for construction of the 9.5 million metric tons per year liquefied natural gas (LNG) export facility in Cameron Parish, La.
FID marks the start of full construction and advances one of the most cost‑competitive and efficient LNG projects in the United States. The transaction garnered strong interest from both equity and debt investors, resulting in total commitments of $21.25 billion.
Long‑term offtake agreements have been secured with a diversified group of global energy and industrial counterparties, including EQT, Glencore, Mercuria, PETRONAS and Aramco Trading. Phase 1 development is expected to generate more than $3 billion in annual export revenue when operations commence in 2030.
Mubadala Energy, which already holds a 24.1 percent stake in the Caturus platform that includes
